According to Mbalula, this won't be an easy discussion, but parties are committed to concluding it.

"We do have plans focused on fully regulating the taxi industry and the formalisation of the taxi industry," he said.

Mbalula also says over the last few weeks the government has been in productive discussions with the banking association on further relief measures for the taxi industry.

The minister was giving an update on amended regulations and further plans to combat the spread of COVID-19.

eNCA