News Formal

Fikile Mbalula backs ‘long overdue’ subsidy for taxi industry

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

United States News News

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.

 

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:

 /  🏆 12. in US

United States United States Latest News, United States United States Headlines

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

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 »