CTU Insurance on the Commuter Transport Market: Taxi & Bus Pressures, Insurance Gaps, and Risk Management

Podcast: COVER Magazine · COVER Publications 100 (Pty) Ltd

Opublikowano: 2026-08-19

Tony from Cover interviews Oscar Shabalala of CTU Insurance, an underwriting manager and Hollard’s centre of excellence for commuter transport insurance, with shareholders including Hollard, Lyrius, and Sinawo Global. Oscar explains that the taxi sector is under pressure due to tighter bank lending, reduced vehicle sales, falling passenger numbers, overtraded routes, fuel and parts cost increases, and more repossessions, leading some operators to drop insurance and self-insure. The bus sector faces similar passenger declines, rising bus prices, fuel costs comprising about 40% of operating expenses, and challenges financing fleets due to short or delayed subsidised contracts. He notes taxi in...