The owners of 317 minibus taxis were paid R263-million to have their vehicles taken off the road to make way for the Rea Vaya bus transport system.<\/p>\n
According to Times Live<\/a>, the taxi bosses scored R830,000 per taxi as compensation for restraint of trade.<\/p>\n The taxis will make way for Phase 1B of Rea Vaya, which operates in Soweto, Noordgesig, Pennyville, Riverlea, Bosmont, Coronationville, Newclare, Westbury, Westdene, Melville, Auckland Park, Parktown and Braamfontein.<\/p>\n According to Times Live, the taxi bosses will be paid R2.6 billion, or R221 million annually, to run the bus system for the next 12 years.<\/p>\n The City of Johannesburg signed an agreement in June 2015 with operating company Ditsamaiso, for the operation of routes along Phase 1B.<\/p>\n Following 24 months of negotiations, taxi and bus operators who worked along the affected routes became shareholders in the operating company.<\/p>\n Phase 1A and 1B of the Rea Vaya project cost an estimated R3 billion.<\/p>\n Taxis not to blame for SA road accidents<\/a><\/strong><\/p>\n How much money taxi drivers really make in South Africa<\/a><\/strong><\/p>\nMore on transport in SA<\/h3>\n