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Transport sector needs proper regulation to help drive economy: Economist

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Economist and director at Antswisa Transaction Advisory, Miyelani Mkhabela says the transportation sector is a critical engine to drive South Africa’s economic development and therefore needs to be properly regulated.

This comes after Thursday’s confrontation between minibus taxi drivers and e-hailing drivers at the Maponya Mall parking area in Soweto.

Mkhabela says the Transport Department should urgently attend to concerns of stakeholders.

He adds, “The transport sector contributes around R 335 – R 340 billion, so it is a big pie. If we speak of BEE, it can be a reality when we speak of the taxi industry in SA. So we will need to protect that industry; at the same time we need to invest in e-hailing systems as well and that can reduce challenges there. The MEC for transport in Gauteng is expected to attend to solving all these issues … so that they work together to boost SA’s economy.”

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