Investment in Halfway Howick

During the Preferred Supplier presentations, the option of STLTA purchasing a 10% share in the Halfway Toyota Howick dealership was offered to the board. The board accepted this opportunity and the concluded an agreement with the shareholders of the dealership to achieve this objective. A function which was attended by the KZN MEC for Transport Mr Willies Mchunu as well as the CEO of Toyota Dr Johan Van Zyl was held at the dealership in celebration of this partnership.

This shareholding has brought considerable benefits to the taxi industry as well as the dealership itself and it provides a useful source of funding for the operating costs of STLTA through the quarterly dividends that are paid.