KZN taxi owners empowered to become bus drivers
KwaZulu-Natal taxi owners are now eligible to be bus owners following the signing, this week, of a memorandum of understanding (MoU) between the KwaZulu-Natal Department of Transport and the Ithala Development Finance Corporation (IDFC) under the Department of Economic Development, Tourism and Environment.
The initiative forms part of the Bus Industry Transformation Programme.
As part of this strategic collaboration, the IDFC has provided R71.5-million in financial support for the purchase of 32 buses, four quantum minibuses, nine ticketing machines, and land and buildings for the construction of a depot for Mthonjaneni Bus Services.
“The MoU between the IDFC and the Department of Transport provides the clearest indication of the provincial government’s commitment to bringing more African players into the public transport system, especially the bus transport sector,” said Premier Sihle Zikalala.
Through this collaboration, at least 72 permanent jobs have been created.
The move is in line with the provincial government’s economic transformation goal to have at least 70% of the subsidised bus transport industry being in the hands of the previously disadvantaged individuals or groups.
All the beneficiaries underwent a compulsory incubation programme which covered, besides other aspects, understanding the clauses contained by the contract document, financial management and the management of a bus operation.
It also included information on fleet acquisition, management and maintenance and how to manage a bus business in an effective and sustainable way.
Comments
Research Reports
Projects
Showroom
Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
