#GPBudget2020: MEC Nkomo-Ralehoko allocates R157mn towards integration of Gauteng’s transport industry

Gauteng MEC for Finance Nomantu Nkomo-Ralehoko allocated R157 million in support of the Taxi Industry at the Provincial Budget speech held yesterday. CNBC Africa’s Karabo Letlhatlha caught up with MEC for Public Transport and Roads Infrastructure, Jacob Mamabolo on how this money will be used.

Fri, 06 Mar 2020 11:20:47 GMT

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AI Generated Summary

Significant allocation of R157 million towards transport integration aims to support the modernization and transformation of Gauteng's taxi industry, a vital component of the province's public transport system.
Unity among different associations within the taxi industry, ongoing discussions with the Competition Commission, and the allocation of R20 million towards industry improvements highlight the government's commitment to enhancing the sector.
Efforts are underway to implement an integrated single ticket system for various modes of transport within the province, with progress expected in the coming months. Additionally, R2.6 billion has been allocated to road infrastructure to expand and maintain current road networks.

Gauteng MEC for Public Transport and Roads Infrastructure, Jacob Mamabolo, recently discussed the allocation of R157 million towards the integration of Gauteng's transport industry in a budget speech delivered by MEC for Finance Nomantu Nkomo-Ralehoko. This budget, totaling 8.9 billion, aims to support strategic objectives of enhancing mobility within the province, promoting economic growth, job creation, and poverty alleviation. The significant allocation of R157 million towards transport integration includes a dedicated portion of R20 million specifically aimed at supporting the modernization and transformation of the taxi industry - a first in many years. Mamabolo stressed the importance of the taxi industry, noting that 66% of the province's public transport users rely on it, making it a cornerstone of the province's transportation system. In response to questions regarding subsidies for the taxi industry, Mamabolo highlighted the unity between different associations within the industry, such as Santaco and NTTA, and mentioned ongoing discussions with the Competition Commission. He stated that the allocation of R20 million would contribute significantly to improving the industry. Regarding the implementation of an integrated single ticket for the transport system, Mamabolo confirmed that efforts are underway through the Gauteng Transport Authority to achieve this goal. Premier David Makhura's vision of an electronic integrated ticket and system for buses, taxis, rail, and other modes of transport is set to become a reality in the near future, with progress expected in the third or fourth quarter of the financial year. Furthermore, the budget includes R2.6 billion dedicated to road infrastructure, aimed at expanding and maintaining road networks within the province. Mamabolo highlighted the economic significance of this investment, showcasing the government's commitment to enhancing transportation infrastructure to further promote economic growth and development. In conclusion, the integration of Gauteng's transport industry through strategic budget allocations is poised to bring about positive changes in mobility, economic growth, and job creation within the province. With a specific focus on the taxi industry, the government's support for modernization and transformation is expected to yield significant benefits for both industry stakeholders and the general public.