The Midas Group has signed a co-operation agreement with three Gauteng taxi associations, which intend to purchase and manage their own township franchises.

The Midas Group has signed a co-operation agreement with three Gauteng taxi associations with the hope of eventually purchasing and managing their own franchises.

The new agreement signals a preferential supply agreement to the Gauteng Taxi Council, the Southern Africa Long Distance Transport Association (SALDTA) and the Greater Alberton Taxi Association through the Midas franchise chain. There is also a commitment to assist taxi associations in acquiring and managing their own Midas franchises in previously disadvantaged areas.

In January this year the Midas Group, automotive replacement parts distributor and franchiser, introduced the Jomo Sono consortium as its empowerment partner. Midas Group shareholder and director Jomo Sono said he sees this agreement as the first of many similar agreements throughout South Africa.

Midas Group MD Gordon Odgers noted that Midas was well represented in traditional market centres and that it saw great potential in black areas serving taxi fleets and other privately owned vehicles.

Original article from Car