/ 4 March 1999

TAXI BODY BIDS FOR TOLL ROAD

THE Mpumalanga taxi industry is negotiating for an equity share in the R2-billion Witbank-to-Maputo N4 toll road. The toll road concessionaire, Trans Africa Concessions (Trac), confirmed on Tuesday that a large but as yet unnamed provincial taxi group is interested in acquiring shares in the company. Trac chief executive, Trevor Jackson, said that negotiations started last year but declined to provide further details. Trac has no unallocated shares to issue to the taxi group and it is still unclear who if any of Trac’s shareholders will sell their shares to allow for the taxi industry to buy into the venture.