The International Accounting Standards Board (IASB) issued IFRS 16 Leases in January 2016. IFRS 16 sets out the principles for the recognition, measurement, presentation and disclosure of leases for both parties to a contract, i.e. the customer (‘lessee’) and the supplier (‘lessor’). IFRS 16 is effective from 1 January 2019.
SA Taxi prides itself as a focused partner to the minibus taxi industry and is committed to providing leadership in the growth and evolving maturation of the industry which is a significant contributor to the financial empowerment of taxi owners who, in turn, create employment for an estimated 400 000 drivers, rank managers and associated service providers.