The NTA is proposing a 50% payment for the first month, 65% for the following month, 75% for the third month and 100% the fourth month.
The National Taxi Alliance has pleaded with financial institutions to accept its proposals for an altered repayment structure for the next few months to avoid the repossession of minibus taxis.
“We believe that this arrangement will provide a feasible recovery plan for both the financial institutions and the taxi industry,” said Malele. “This effectively means taxis have been not operated profitably since 27 March and are unable to make provisions for payments of installments,” Malele said.
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