- More than a million Uber drivers worldwide received a cash payout this weekend as a "driver appraisal" before they entered the US.
- Uber drivers received one of six different cash prizes based on the number of trips they completed.
- In the US, the maximum amount was higher than R570,000 – for drivers who passed 40,000 trips.
- While Uber does not want to comment on South Africa, Uber drivers say the maximum amount received in South Africa was R47,000.
- Most drivers, however, received only a fraction of that amount.
- For more information, visit Business Insider SA.
Uber drivers around the world received a cash payment this weekend before the announcement of a giant on Wall Street.
The company announced on Friday that it will publish in the Securities and Exchange Commission that it will pay about $ 300 million (R4.4 billion) to its more than 1.1 million drivers worldwide. Payments were made around April 27.
"In order to appreciate the drivers who contributed to our success, we are paying a one-time reward for drivers to qualify drivers in the jurisdictions where we operate through our own operations," Uber said.
Uber South Africa did not want to comment on how many South African drivers received. The document contains only specific information about US payments.
Uber drivers in the US received one of six different cash prizes based on the number of trips they completed.
Drivers received $ 100 (R1,400) if they completed 2,500 trips by April 7 this year, up to $ 40,000 (R572,000) for 40,000 trips.
"The amount of driver remuneration paid to qualified drivers outside the United States will be based on the same travel criteria but may be regionally adjusted to reflect differences in average hourly earnings by region," according to submission.
Read: Uber drivers earn much less for a trip than Taxify drivers in SA – here's how they compare
To qualify for a reward, drivers must complete a minimum of 2,500 Uber journeys, including this year's April 7, and their account must be in good standing.
South African Uber Drivers Business Insider South Africa spoke, the maximum amount earned in South Africa was R47,000. This was for drivers who had more than 40,000 trips and had a rating of 4.75 or higher, depending on which BI they were talking to, including one Uber partner who ran a number of vehicles and drivers.
Drivers with less than 10,000 routes received only R470. Those with 10,000 routes and 20,000 routes were given R4,700 and the sliding scale continued.
Uber plans to increase its initial public offering by more than $ 10.3 billion, which could provide $ 90 billion of market capitalization ($ R1.3 trillion).
Read: Uber will publish $ 90 billion in prizes, which is a quarter of SA's total economy
The giant car will offer 180 million shares at a price of $ 44 to $ 50 per share.
According to the SEC, US drivers will also have the right to buy shares at IPO. The program will allow drivers to own up to 3% of the company if they accept these shares. However, drivers in South Africa are not part of this offer.
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