Maswaganyi calls on financial institutions to reconsider high costs of taxis

Transport Minister Joe Maswanganyi on Sunday announced that the planned taxi strike in Gauteng has been called off following deliberations with the taxi associations.

Last month thousands of commuters found themselves with no means to get to work or school when the taxi operators embarked on a strike after complaining about high repayment rates for their vehicles.

Speaking to 702's Xolani Gwala, Maswaganyi says government has committed to intervening in assisting the taxi associations with the challenges that they are facing. In turn, the association Santaco has also promised not to embark on any strike action.

The main problem is not government but the financial institutions that are charging them exorbitant interest rates to refinance the loans that they get from these institutions.

Joe Maswanganyi, Minister of Transport

Maswaganyi says the issue of subsidising taxi operators has been discussed with the associations and will be taken to Cabinet for further deliberations.

He emphasises that the financial institutions should not be charging operators 28% interest rate but rather a normal premium.

Read: How the taxi strike was co-ordinated: Aki Anastasiou

It should not only be the responsibility of government to empower taxis ... Government and private sector should work very hard to empower our people.

Joe Maswanganyi, Minister of Transport

According to Minister Maswaganyi, government will have taken a decision on the issue of subsidising taxis by March 2018.

To hear more of this interview, listen below:


This article first appeared on 702 : Maswaganyi calls on financial institutions to reconsider high costs of taxis


Recommended

by NEWSROOM AI

CapeTalk welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the CapeTalk community a safe and welcoming space for all.

CapeTalk reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

CapeTalk is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
Santaco claims Joburg taxi blockade fueled by rogue members

Santaco claims Joburg taxi blockade fueled by rogue members

The COO of Santaco's business arm Taxi Choice, Thulani Qwabe also denies claims that the strike action was illegal.

How the taxi strike was co-ordinated: Aki Anastasiou

How the taxi strike was co-ordinated: Aki Anastasiou

The taxi strike on Thursday left hundreds of commuters stranded.

Concessions made for Unisa students affected by Joburg taxi strike

Concessions made for Unisa students affected by Joburg taxi strike

Gauteng students may be unable to reach their exam venues on Thursday as a result of the taxi strike which has caused a gridlock.

There is no need for parents to risk the lives of their children - Lesufi

There is no need for parents to risk the lives of their children - Lesufi

Gauteng MEC of Education, Panyaza Lesufi, urges schools to be sensitive amidst #TaxiStrike.

Joburg taxi protest blocks N1

Joburg taxi protest blocks N1

Santaco on strike from Thursday morning after talks with SA Taxi Finance Holdings deadlocked over high costs of taxi financing.

Meter taxi strike leaves airline passengers frustrated

Meter taxi strike leaves airline passengers frustrated

Customers found themselves caught in the middle of a feud between the Uber and taxi meter industry.

Metred taxi drivers threaten to disrupt traffic flow again

Metred taxi drivers threaten to disrupt traffic flow again

Metered taxi drivers obstructed traffic during an illegal go-slow on the R24 and R21 highways and may go again during peak hour.

Mamelodi taxis released on condition

Mamelodi taxis released on condition

Taxis are back on the road and buses are running in Mamelodi today. John Robbie and Camilla Bath look at the latest developments

Mamelodi Taxi Strike Called Off

Mamelodi Taxi Strike Called Off

The National Taxi Association has confirmed that the provincial stay away scheduled to take place tomorrow has been called off!

Popular articles
Parents no longer have to travel with children's birth certificates

Parents no longer have to travel with children's birth certificates

The new Home Affairs upgrades to the system include printing parents details at the back of the child's passport.

SA-made Rolkem cake decoration products may not be safe to eat

SA-made Rolkem cake decoration products may not be safe to eat

The UK’s Food Standards Agency issued an advisory, claiming that Rolkem failed to confirm that their ingredients were safe to eat.

KFC South Africa’s Neymar mocking ad… so epic, Nando’s would be proud!

KFC South Africa’s Neymar mocking ad… so epic, Nando’s would be proud!

The South African ad is still trending around the world. Bruce Whitfield interviews branding and advertising expert Andy Rice.

Madiba’s private secretary Zelda la Grange opens up about money (hers and his)

Madiba’s private secretary Zelda la Grange opens up about money (hers and his)

Bruce Whitfield interviews La Grange about her and Madiba's attitude to money (hopes and fears, successes and failures, etc.)

Criminals targeting homes with aluminium windows, warns neighborhood watch

Criminals targeting homes with aluminium windows, warns neighborhood watch

The Panorama, Welgelegen and Plattekloof Neighbourhood Watch has identified a new house break-in trend.