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Fikile Mbalula backs ‘long overdue’ subsidy for taxi industry

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Key transport provider deserves a government scheme, says the minister of subsidy proposal that implies formalising the reluctant industry

14 September 2020 - 05:10The government plans to introduce a subsidy for the R50bn taxi industry by April 2021, transport minister Fikile Mbalula said on Friday.

The taxi industry, which is unregulated, is a big part of SA’s economy, generating R50bn in revenue a year and spending more than R20bn on fuel.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

 

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Fikile Mbalula backs ‘long overdue’ subsidy for taxi industryKey transport provider deserves a government scheme, says the minister of subsidy proposal that implies formalising the reluctant industry
Source: BDliveSA - 🏆 12. / 63 Read more »

Fikile Mbalula backs ‘long overdue’ subsidy for taxi industryKey transport provider deserves a government scheme, says the minister of subsidy proposal that implies formalising the reluctant industry
Source: BDliveSA - 🏆 12. / 63 Read more »