Beijing Automotive Works (BAW) has backtracked on its decision not to build the Inyathi taxi and will build it locally
The South African National Taxi Council (Santaco)‚ BAW and the Industrial Development Corporation (IDC) on last week announced they had resolved any issues preventing the construction of the assembly plant for the taxis in Springs‚ eastern Johannesburg.
BAW is a Chinese state-owned company. The company's entry into South Africa is supposed to bring competition to the minibus taxi industry. It had created a venture with the IDC to build the plant.
BAW South Africa held 51% equity in the plant project. The IDC held 24.5%. The rest belonged to China Africa Motors‚ which had been importing Inyathis.
The taxi industry wanted to boycott the Inyathi minibus taxi as BAW did not guarantee quality. Santaco suddenly changed its mind after meeting with BAW and the IDC this week.
I-Net Bridge For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.
We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field. Go to: http://www.inet.co.za
LEGAL DISCLAIMER: This Message Board accepts no liability of legal consequences that arise from the Message Boards (e.g. defamation, slander, or other such crimes). All posted messages are the sole property of their respective authors. The maintainer does retain the right to remove any message posts for whatever reasons. People that post messages to this forum are not to libel/slander nor in any other way depict a company, entity, individual(s), or service in a false light; should they do so, the legal consequences are theirs alone. Bizcommunity.com will disclose authors' IP addresses to authorities if compelled to do so by a court of law.