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HOSKEN, METTLE PAY R250M FOR GOLDEN ARROW BUS SERVICES

28 Apr Transport

HOSKEN Consolidated Investments and its financial services subsidiary, Mettle, say they have bought Golden Arrow Bus Services, the sole provider of scheduled bus services in the Western Cape metropolitan area, for R250m. It was initially reported that the Congress of South African Trade Unions in Western Cape opposed the deal, but it dropped its opposition after negotiations.

Source:Business Day ,Front Page – also appearing in the Cape Town and KwaZulu-Natal editions