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BusinessCOVID-19News Bridge Taxi Finance provides R175 million relief to taxi drivers

Bridge Taxi Finance provides R175 million in direct cash relief to taxi industry in lockdown

Bridge Taxi Finance is providing financial relief to taxi drivers and owners in the form of a R175 million cash injection directly into their clients’ pockets. With the support of its holding company Mokoro Holdings and shareholders, Bridge Taxi Finance has taken the bold decision to settle 50% of its clients’ monthly finance instalments on…

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BusinessNews Bridge Taxi Finance Jinbei Ambulance

Bridge Taxi Finance secures R280 million funding deal during national lockdown.

Minibus taxi financier Bridge Taxi Finance has raised over R280 million as part of a R1 billion fund raising programme to enable it to continue to finance affordable and safe taxis for the South African taxi industry. The successful fundraising took place during the global COVID-19 pandemic and consequent national lock-down. “Our ability to raise funding…

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Establishing a green economy for the taxi industry makes good business sense

Vincent Raseroka The Green Transport Strategy released late last year is a promising document that, if implemented correctly, can transform the South African transport system into a functioning, sustainable and reliable network that South Africans can be proud of. Core to this strategy is that the transport sector contributes its “fair share” to the national…

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Volunteering for a compulsory taxi recapitalisation programme

By Vincent Raseroka Just before the elections, former transport minister Dr Blade Nzimande announced a new taxi recapitalisation scheme focused on removing older, unroadworthy minibus taxis from the country’s road, thereby increasing vehicle safety for drivers, their passengers and other road users. The Taxi Recapitalisation scheme is not a new thing. First introduced in 2006…

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