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<\/a><\/p>\nTaxis in South Africa<\/strong><\/p>\n Transaction Capital says that South Africa has 250,000 taxis operating nationally, primarily in Gauteng (30%), and Kwa Zulu-Natal (21%). Each minibus averages 6,000km per month, or 72,000km a year.<\/p>\n According to Transaction Capital’s report, the average price for a Toyota HiAce – most commonly used as minibus taxis in South Africa, making up 88% of all taxis – increased by 4.2% in 2019 to R451,600.<\/p>\n Fuel costs, meanwhile, have climbed 10% (for diesel), over the same period, while taxi fares have averaged only 7% higher in KwaZulu Natal, and 6% in the Eastern Cape (with no fare increases in other provinces).<\/p>\n Despite operating within this constrained environment, taxi operators remain resilient, the group said, taking home profits of more than R25,000 a month.<\/p>\n Over shorter-distance routes (like a 23km trip between Soweto and Johannesburg), operator profits are around R25,000 a month, while longer distance trips (like the 595km trip between Joburg and Durban) can lead to profits of around R37,000 per month, the group said.<\/p>\n The minimum monthly profit recorded by the group was R6,000 a month, as per its credit profiles on loans on book.<\/p>\n The average taxi operator in South Africa has 1.2 vehicles per customer, with a vehicle age of around 3.6 years, Transaction Capital’s data showed.<\/p>\n