Numsa general secretary Irvin Jim said should the government and the taxi industry not resolve their issues, their members, who are passengers, will be caught in the middle.
Jim accused Ramaphosa and the ANC government of failing to transform the taxi industry, 26 years into democracy.
"In its current form, the taxi industry is essential to the survival of the South African racist and colonial society, and white monopoly capital (WMC) controlled economy, as it transports the bulk of low waged African and black working class - the working class which supplies the labour from which the super profits are made.
Jim said their members, who are largely dependent on the taxi industry for transport, demand that the government must meet the funding demands of the taxi industry.
"Numsa fully supports the demands of the taxi association, not only to meet their current operational costs but for the total transformation of the industry, to make it modern, decent, safe and affordable for the working class, and to improve the benefits and conditions of workers," Jim said.