Taxi industry to up fares due to fuel price hike
Increase cannot be avoided, says SA National Taxi Council, the sector’s largest representative body
The minibus taxi industry, the lifeblood of the SA economy which transports more than 16-million people a day, plans to hike fares for the first time since 2019 to make up for higher petrol prices, potentially dealing a blow to consumer confidence left battered by the pandemic-induced economic crisis.
“Our view is that the current increase in petrol prices has opened the possibility of a fare increase that cannot be avoided. The industry is still reeling from the impact of Covid-19 on its operations,” said Thabiso Molelekwa, spokesperson of the SA National Taxi Council, the sector’s largest representative body and one of the country’s largest industry organisations. ..
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