Fuel price hike is killing the business, drivers working mostly for petrol, says taxi association

He said coping with the increase was hard on the industry which was still limping from the effects of not operating for several months during the Covid-19 hard lockdown.

“The average bank instalment for the taxis is R13,500 to R16,500. More than 10 taxis a month get repossessed because of rising expenses.”Cosatu spokesperson Sizwe Pamla said the increase spells bad news for all South Africans, but it was even worse for poor families. He said many people were drowning in debt and the fuel increase with the recent electricity price hike, rising food prices and interest rates would make it even harder for workers to support their families.

All industries and businesses.

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