The Citizen reports that the Department of Transport has confirmed that an agreement has been reached between taxi association Santaco and SA Taxi Finance Holdings and that Thursday’s strike has been called off.  

Santaco has also confirmed the news.  Several major roads were blocked on Thursday morning.  Santaco and other taxi operators were challenging the country’s biggest minibus vehicle finance scheme to charge them reasonable fees.  According to Arabile Gumede, business journalist for Bloomberg news, Transactional Capital, the car finance arm of SA Taxi Finance, charges 28% interest on a Quantum minibus that generally retails at about R450,000.

• Read this report in full at The Citizen
• See too, Thursday’s taxi strike called off, at News24

Get other news reports at the SA Labour News home page