Business

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How is it possible that my taxi fare as a middle-class consumer is falling?

01 November 2024

Bronwyn Williams

I travel fairly often for work, and much of this travel involves going to and from the airport. The most efficient way to do so, from where I live, is usually e-hailing. Miraculously, though, over the past three years, the cost of these trips has fallen. A one-way trip that used to cost in the region of R380 in 2021 is now around R180.

What is happening here? Is this disinflation a sign of incredible progress in the efficiency of transportation logistics and technology? A marvel of the AI age? Or is something else going on?

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