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The South African taxi industry continues to expand despite a  challenging economy . It is now worth  R50 billion  in a year, with 69% of households in South Africa using minibus taxis. The taxi business in South Africa remains profitable at any time of the day since people need a way to go to and fro from places. The  taxi industry  statistics from South Africa can attest to that. And you can begin this unique venture on a small scale with only a few vehicles and drivers. You can always later expand as you grow as a business. Starting a taxi business is a rational consideration for many because many of us grow up using taxis, and on the surface, earning revenue seems a little bit easier in this business. Now almost all taxi business started to develop mobile app for advance booking through it. There are numerous  mobile app development company  in the world where you can develop your own mobile application. However, before you can begin, there are some things you need to

Taxi industry has come a long way in the past 10 years. The technological innovations that took place over these years have totally changed the face of  taxi industry . The advent of Uber was an event that triggered the transformation. Uber served as a case study for all the riders, drivers, and taxi company owners that a  taxi business  could also be run in this way. The concept of app-based taxi aggregator business was novel for all of us. Once the idea was out in the market, entrepreneurs from all the corners of world jumped to take the first mover advantage. Lyft emerged as the first chief rival of Uber. Slowly other big players like Grab, Yandex, Didi Chuxing, Ola, and many others emerged and started ruling in their respective regions. Since then taxi industry has seen rapid growth over the years. And the trend seems to continue in future also. Market overview The forecast for the years 2019-2024 says that the taxi market is expected to register a CAGR of 9.22%.