Santaco taxi owners reject SA Taxi Finance offer to cut interest rates
An offer by South African Taxi Finance to reduce the interest on the financing of Toyota Quantum minibus taxis by 3% has been rejected by the majority of taxi owners aligned to the South African National Taxi Association‚ who say this is not enough.Santaco president Phillip Taaibosch and the association’s senior leadership said they would renegotiate with SA Taxi Finance to try to resolve the issue‚ failing which they would embark on a national strike on July 12.Speaking inside the conference hall at Emperors Palace‚ east of Johannesburg‚ on Thursday afternoon‚ Taaibosch appealed to provincial structures of the association to go back to the drawing board and come up with proposals on how to address the price issue.A Quantum minibus now costs at least R450‚000 compared to R220‚000 in 2010."We will come back to you and give you what the mandate is and my request to you as you are leaving here‚ because time is very limited‚ we must go back to our provincial structures and make proposal...
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