STATEMENT BY THE PRESIDENT OF SANTACO ON THE TAXI RECAPITALISATION 2004/2006 DEADLINE

The South African National Taxi Council (SANTACO) has been in negotiations with the department of Transport and the national Minister on the shift of the 2004/2006 cut off dates for the 16 seater taxis as currently stipulated in the (National Transport Transition Act) NLTTA of 2000. An agreement was reached between SANTACO the Committee of Ministers of Transport (MINCOM) that the cut off date as currently contained in the NLTTA be shifted.

The signing of the Memorandum Of Agreement (MOA) signifies a milestone of the negotiations between the taxi industry and government on the taxi recapitalisation progam. The MOA sets parameters of co-operation and implementation of the taxi recap program between Government and the taxi industry.

The MOA commits both Government and SANTACO on matters related to economic empowerment emanating from the taxi recapitalisation program as agreed between Government and SANTACO. The signing of the MOA will be amplified by the identification of a mechanism for the distribution of the benefits for members of the taxi industry through SANTACO accrued from the taxi recap program after due consultation with the SANTACO constituency.

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