Close

Not a member yet? Register now and get started.

lock and key

Sign in to your account.

Account Login

Forgot your password?

Transport  // Browsing posts in Transport

9 Mar 2009 Transport

GOLDEN ARROW HITS ITS TARGET

CAPE TOWN commuter transport company Golden Arrow Bus Services (GABS), now owned by Hosken Consolidated Investments, has taken costs on the chin in a bid to retain market share. Interim results to end September show GABS growing its turnover by a strong 20% to R470 million. But a strategic decision not to pass the increased […]

Read more...

13 Feb 2009 Transport

13 HURT AS BUS IS PETROL BOMBED

A total of 13 people were injured when a Golden Arrow bus was petrol bombed on Vanguard Drive, outside the Samora Machel informal settlement, ahead of the taxi strike entering its third day today. And irate commuters at Nyanga have now called for a boycott of taxis from Monday, with many vowing to choose buses […]

Read more...

4 Feb 2009 Transport

GOLDEN ARROW SUBSIDIES PAID – AT LAST

After a weeks-long struggle, Golden Arrow has finally been paid more than R94 million in outstanding subsidies. The bus company was on the verge of bankruptcy because of the government’s non-payment of subsidies for December and January. Golden Arrow executive director Barry Gie confirmed that the amount had been transferred into the company’s account by […]

Read more...

3 Feb 2009 Transport

SUBSIDY PAYMENTS

Golden Arrow can confirm that the Western Cape Provincial Department of Transport has deposited an amount of R94.5m into its bank account pursuant to Court Orders previously obtained. The company is grateful that this has been done and in so doing averted a crisis in the ongoing delivery of public passenger services. It is not […]

Read more...

3 Feb 2009 Transport

BUS OPERATORS HAVE BEEN PAID, MP’S TOLD

The transport department has fully complied with a recent court order instructing it to pay R126 million in subsidies to Gauteng bus operators, MPs heard on Tuesday. Briefing the National Assembly’s transport committee, transport department director general Mpumi Mpofu said the national department had forwarded the money to the Gauteng department. “This morning I phoned […]

Read more...

2 Feb 2009 Transport

BUS MONEY UNCERTAINTY

The Golden Arrow bus company was waiting for confirmation of reports that it had been paid the subsidy money it went to court for, spokesperson Vuyisile Mdoda said on Monday. The Cape High Court ruled on Friday that the national transport department must pay Golden Arrow over R92-million owed in commuter subsidies since November. Golden […]

Read more...

1 Feb 2009 Transport

BUS OPERATORS MAY BE FORCED TO CLOSE

Cape Town – Even though the Treasury has agreed to bail out the National Department of Transport, there is still no clarity on when South Africa’s bus operators will receive the millions owed to them in passenger subsidies. On Friday, the Cape High Court ruled that the national government had to pay bus operators millions […]

Read more...

30 Jan 2009 Transport

R300M FOR GAUTENG BUS OPERATORS

FEARS OF INDUSTRY COLLAPSE AS GOVERNMENT OWES R1.2 BILLION NATIONALLY Government has agreed to pay about R300 million in outstanding subsidies to bus operators in Gauteng by noon today. This is in terms of an agreement reached yesterday between the Gauteng provincial government’s department of public transport, roads and works and the SA Bus Operators […]

Read more...

30 Jan 2009 Transport

COURT SETTLEMENT

Golden Arrow is pleased and extremely relieved with the judgement handed down this morning in the Cape High Court by the Honourable Justice Anthony Binns-Ward. The judgement effectively means that the National Department of Transport must pay the outstanding passenger subsidies on demand and further that there is nothing to prevent Treasury from making the […]

Read more...

30 Jan 2009 Transport

PRESS STATEMENT

Golden Arrow is totally shocked by the response of the Minister of Finance to the judgement handed down this morning by the Cape High Court. The Court ruled that there is no impediment for the Treasury to make funds available from the National Revenue Fund to pay outstanding passenger subsidies following our earlier settlement and […]

Read more...