Taxi operators move into hotel business

The National Taxi Alliance (NTA) has adopted two major projects that are set to revolutionise the livelihoods of its members and industry.

The alliance, which represents an estimated 60,000-70,00O taxi operators in SA, has signed a memorandum of understanding with Langa Sun Resorts Hotel to build three new hotels in Durban, Cape Town and Johannesburg at a total cost of R1.5 billion.

Taxi operators will, through their trust fund, own 90% of the new hotels, while the Langa chief executive Mandla Nxumalo will keep the balance.

NTA general secretary Alpheus Mlalazi said the capital would be raised from its structures over the 28-month period. Construction on the Durban hotel is scheduled around February next year.
"We want to acquire assets that we would use as collateral where ever we borrow money for the benefit of the members. Secondly, members will benefit directly from the hotel operations," he said.

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  • Adriaan Grove - posted 17 Oct 2011 08:04 AM                                    

    So will you get taxi-rates for the hotel rooms??

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