No credit history? No problem! SA Taxi wants to help you finance a taxi

Share on facebook
Share on twitter
Share on linkedin
Share on email

Three thousand. That’s the number of new businesses SA Taxi hopes to start in the next three years as part of a new initiative that will seek to give those who have no credit history, or access to a deposit, the ability to finance a taxi.

Specifically, the organisation hopes to grow and develop businesses in the metered taxi arena. SA Taxi will provide potential owners with crucial business advice and provide them with a vehicle should they not have a credit record or access to a deposit for a vehicle.

“The ultimate goal is that once drivers have access to a vehicle, they go on to establish their own small businesses” explains SA Taxi Business Development Executive, Ana Bonanni in a statement. She goes on to say, “Our focus is not just on creating jobs but rather incubating small businesses owners. This is the only way to create a multiplier effect for employment significant enough to bring about real transformation.”

There’s also good news for those looking to join Uber. SA Taxi will acquire an undisclosed number of Toyota Corollas that Uber drivers will be able to make use of. Additional to this SA Taxi will work with potential Uber drivers for a period of six months, helping them acquire a vehicle and the necessary paperwork.

Drivers will still need to meet the requirements set out by Uber and government. “All applicants will need to have the required permits to operate and we are confident Government will be supportive in facilitating the provision of the prescribed operating permits,” Bonanni said.

As far as insurance goes, SA Taxi has also said that they will provide specially adapted insurance cover for cars being used for Uber.

At this time we are not certain how much this will cost, how to apply and the other details of the initiative but we have reached out to SA Taxi for comment and we will update this story as soon as we know more.

[Image CC by 2.0 – arvind grover]

Brendyn Lotz

Brendyn Lotz

Brendyn Lotz writes news, reviews, and opinion pieces for Hypertext. His interests include SMEs, innovation on the African continent, cybersecurity, blockchain, games, geek culture and YouTube.