/ 9 April 2001

HOBBLED AMC NAMED TOp BIDDER

AFINTA Motor Corporation (AMC), has been named the top bidder for the R20bn taxi recapitalisation project, The Star newspaper reported on Monday. However, AMC has been placed under provisional liquidation after a creditor applied to the High Court. The court application follows a directive issued by the SA Bureau of Standards which all but halted AMC’s business activities in the country. The SABS claimed the company’s vehicles did not meet the prescribed standards. The taxi recapitalisation programme aims to replace about 120_000 16-seater minibus taxis with safer 18 and 35-seater vehicles within a four year period. AMC was, according to a confidential report leaked to The Star, named the top bidder for both the 18-seater and 35-seater vehicles. The announcement of the successful bidder is expected to be made in August.