Recapitalisation Programme News Today

Toyota SA, several major car dealerships and four banks are amongst the defendants in a multi-billion rand class action just launched.

This is aimed at recovering billions in damages suffered by taxi owners who were sold unsafe “fake” Toyota Quantum Sesfikile taxis.

Fikile Mbalula to scrap 63,000 taxis in three years as part of recapitalisation 17 February 2021 - 21:37 Image: Fikile Mbalula via Twitter Transport minister Fikile Mbalula wants to scrap 63,000 taxis in the next three years as part of a taxi recapitalisation programme. Addressing parliament during the debate on the state of the nation address, Mbalula said the plan had come up after the national taxi lekgotla last year. Mbalula promised that the resolutions of the lekgotla w...