BUSINESS
The last three-years have brought with
them uncertainties on many fronts,
caused by a variety of geo-political
factors but what the last three years has
taught us is that the transport industry is
tenacious.
Industry experts believe that because
the transport industry was allowed to
continue as an essential service through-
out the pandemic and the disruptions
that followed operators were forced to be
adaptable and find new ways of problem
solving in order to continue to deliver a
service. The result is that the industry is
for the most part better off as a result
of this forced change. New vehicle sales
reflect this phenomenon with heavy and
medium duty commercial vehicle sales
growing by a staggering 27% year on year
between 2021 and 2022.
While Road Freight in South Africa
continues to grow, mostly due to the
ongoing decline of other transport sec-
tors, most notably Rail, doing business
in the modern transport industry is a
cutthroat environment that rewards
operators with extremely tight margins.
Unfortunately, it has, for the most part,
become a volume game. This means
investing in expensive resources such
as vehicles, drivers and fuel in order to
make a relatively small profit. Key to
running a successful operation is careful
control of all these resources.
Standard Bank Fleet management is
in its fourth decade of providing quality
Growth following
the great disruptor
BUSINESS FLEET AFRICA | February 2023
WWW.BUSINESSFLEETAFRICA.CO.ZA
‘Our personal service
and commitment
provides customers
with invaluable
assistance in all areas
of fleet management
and we look forward
to continuing to
assist our customers
to grow in this
tumultuous market.’