Finance: E-Hailing: Smart side hustle or risky bet?

Could your car become a source of income or an expensive financial lesson? South Africa’s booming e-hailing economy has created a growing market for people buying cars to rent to drivers. Africa Melane speaks to Michael Pashut, owner and founder of ChangeCars.co.za, about the vehicles driving the trend, whether the returns justify the risks and what you need to calculate before buying a car as an income-generating asset. Early Breakfast with Africa Melane is 702’s and CapeTalk’s early morning talk show. Experienced broadcaster Africa Melane brings you the early morning news, sports, business, and interviews politicians and analysts to help make sense of the world. He also enjoys chatting to guests in the lifestyle sphere and the Arts. All the interviews are podcasted for you to catch-up and listen.  Thank you for listening to this podcast from Early Breakfast with Africa Melane    For more about the show click  https://buff.ly/XHry7eQ and find all the catch-up podcasts here https://buff.ly/XJ10LBU  Listen live on weekdays between 04:00 and 06:00 (SA Time) to the Early Breakfast with Africa Melane broadcast on 702 https://buff.ly/gk3y0Kj and CapeTalk https://buff.ly/NnFM3N  Subscribe to the 702 and CapeTalk daily and weekly newsletters https://buff.ly/v5mfetc  Follow us on social media:  702 on Facebook: https://www.facebook.com/TalkRadio702 702 on TikTok: https://www.tiktok.com/@talkradio702 702 on Instagram: https://www.instagram.com/talkradio702/ 702 on X: https://x.com/Radio702 702 on YouTube: https://www.youtube.com/@radio702   CapeTalk on Facebook: https://www.facebook.com/CapeTalk CapeTalk on TikTok: https://www.tiktok.com/@capetalk CapeTalk on Instagram: https://www.instagram.com/ CapeTalk on X: https://x.com/CapeTalk CapeTalk on YouTube: https://www.youtube.com/@CapeTalk567  See omnystudio.com/listener for privacy information.