1bn set aside to assist taxi industry, but terms and conditions apply

  • 📰 TheCitizen_News
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 75%

Business News News

Business Business Latest News,Business Business Headlines

1bn set aside to assist taxi industry, but terms and conditions apply Dumelang Santaco

Following engagements with the public taxi industry to address concerns related to the increase in taxi fares by the sector, Transport Minister Fikile Mbalula says the Covid-19 pandemic has had a devastating impact on families, small business and the economy.

“Government has offered the taxi industry a relief package of R1.135 billion. Reaching agreement within government for this relief support for the taxi industry was a difficult process that involved extensive lobbying and convincing the relevant authorities on the importance and need for this fund.” “We have taken note of the objections of the taxi industry to the effect that the relief support and the formalisation processes should be de-linked. The taxi industry has made representations to us that they are vehemently opposed to the conditions set down for access to the relief support.”• The taxi operations must be formally registered as a business entity;

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

HOSTEL MURDERS: Seven arrests in Jabulani Hostel mass murder as taxi industry denies any linksPolice arrested two suspects in connection with the Soweto hostel murders in KwaZulu-Natal, leading to five arrests in Gauteng. Seven firearms were recovered.
Source: dailymaverick - 🏆 3. / 84 Read more »