BUSINESS MAVERICK 168: Driving in times of Covid lockdown: Uber, Bolt and the pivot to survive

  • 📰 dailymaverick
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 84%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

The Covid-19 rebound – when it comes – is expected to create some momentum for small companies. But in the meantime, the focus is on survival.

“You know, it was a disaster,” says Nosipho Mzimela of the early days of the pandemic. As an Uber driver in Johannesburg, she is used to picking up passengers from the airport at least three times a day, but she now is likely to go only once a week. “Even though we were essential [workers], the people were not moving around.”

This, of course, isn’t particularly surprising, considering the government-mandated restrictions on movement, and the financial struggles of other transport bodies such as the Gautrain and Greyhound. “Uber and Bolt have played a very important role in this industry and [e-hailing] created a lot of jobs … but now that’s not enough.”

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

BUSINESS MAVERICK ANALYSIS: Consumer spending is recovering — but what will it look like post-Covid?Economic views are divided on how much and how consumer spending will change as we emerge from the Covid-19 pandemic. What isn’t up for debate is that some spending patterns will revert to pre-pandemic trends, but others will be forever different.
Source: dailymaverick - 🏆 3. / 84 Read more »

BUSINESS MAVERICK: SARS Covid Collection: Taxman collects R38bn more than Budget forecastThe South African Revenue Service collected just more than R1.25-trillion for the financial year that ended at midnight on Wednesday, 31 March, according to its preliminary estimates. That is 7.8% less than it collected in the 2019/20 financial year, but it is R38bn more than the Budget forecast.
Source: dailymaverick - 🏆 3. / 84 Read more »

BUSINESS MAVERICK: IMF upgrades global economic growth forecast to 6% on Covid vaccine hopesEstimate of the size of the worldwide 2020 contraction brought on by the pandemic and the lockdowns to contain its spread has also been whittled down to 3.3% from 4.4%.
Source: dailymaverick - 🏆 3. / 84 Read more »