Taxi industry welcomes Blade Nzimande's recapitalisation programme

South African National Taxi Council spokesperson, Thabiso Molelekwa, said they were looking forward to the announcement.

“Following numerous interactions that we had with the minister around the same programme where we raised our concerns, we hope that RTRP will address those concerns to show signs of improvement from the previous version and government’s commitment towards addressing taxi related challenges,” he said.“As we look forward to the new recap with renewed hope we can only hope that it will add more enthusiasm and interest.

“The allowance was around R70,000 or R80,000. Our argument was that since the introduction of the taxi recap in 2000, the production of compliant vehicles had become quiet expensive and now cost around R300 000,” Molelekwa said. “Now if you were to give someone a scrapping allowance of around R60,000, that is not even enough to qualify as a deposit. It would then mean that the operator will have to put more money on top of the deposit which resulted in pressure on the instalment,” he said.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

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

Nzimande calls for vigilance on the roads ahead of the Easter weekend - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Nzimande calls for vigilance on the roads ahead of the Easter weekend Transport Minister, Blade Nzimande, has reiterated government’s call for motorists to remain vigilant on the roads over the Easter weekend.
Source: SABC News Online - 🏆 32. / 51 Read more »