Why the South African State Should Not Subsidise Minibus Taxi Owners TC_Africa: SouthAfrica
, the state does not enforce competition law in the taxi industry. The industry's prices and profits would be lower if laws were enforced.shows that 70% of taxi drivers earned less than the national minimum wage of R20 an hour and 75% work more than the legal maximum of 55 hours per week.
If all drivers earning below the minimum wage were paid the minimum wage but worked the same number of hours as they did before, the estimated taxi driver yearly wage bill would increase by about 30-40%. So, ignoring labour laws substantially reduces the cost of operating taxis. Train and bus companies, meanwhile, are almost all formal. They are required to pay their drivers and other employees' wages that are determined in bargaining councils and which, atBus drivers may also work only the maximum number of hours permitted by law before qualifying for overtime pay. They're also entitled to paid leave and various conditions of service that do not exist in the taxi industry.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
South Africa: ‘No sense of national purpose’ is what is making South Africans vulnerableThe Defend our Democracy campaign’s Conference for Democratic Renewal and Change kicked off in Johannesburg on 1 July.
Read more »
Africa: Growing Health Crisis Seen in Horn of Africa As Acute Hunger SpreadsThe World Health Organization is warning of growing health risks in the Horn of Africa as acute hunger spreads there.
Read more »
Africa: A Voice for African Wildlife - a Conversation With Kaddu SebunyaThe CEO of the Nairobi-based African Wildlife Foundation, Kaddu Sebunya - in London to mark AWF's 60th anniversary while fundraising and lobbying - shares his thoughts with IPS on the climate and food crises, how Africans have their voice, why western countries need a 'reset' with Africa, what Prince Charles should say to the Commonwealth, how China is eating western 'cake', and what worries him more than anything else.
Read more »
Africa: Era of the African Passport - a Mixed Bag of Opportunities?Could this be the year that the much-anticipated African Passport is availed to ordinary citizens across the continent?
Read more »
Here’s how much credit-hungry consumers in South Africa owe on their homes and carsA new report shows notable increases in unsecured lending originations – which measure new accounts opened and is a function of both consumer demand and lender willingness to advance credit- indicating a renewed demand for credit by consumers.
Read more »
10 scams targeting customers in South Africa right now: FNBWith a rapidly evolving fraud landscape in which fraudsters are leveraging the latest technologies and constantly refining their modus operandi, businesses should always be on guard to avoid falling victim to the latest scams which could potentially result in them losing millions and suffering reputational damage.
Read more »