Golden Arrow Bus Service (GABS) says it will protect its passengers by not increasing its fares.
The announcement comes as a massive fuel hike of over R3
per litre is predicted for next month, as the government offered relief of
R1.50 on the fuel levy was expected to lapse in June.
In a statement, GABS’ general manager Derick Meyer said
diesel was the company’s single biggest expense item other than wages, adding
that price hikes place severe pressure on its operating margins
‘’The upcoming increase in the price of diesel is going to
be yet another blow for Golden Arrow, but we have decided not to increase fares
at this stage to provide our passengers with some small sense of relief amidst
all of the price increases they are facing. Golden Arrow will however continue
to absorb these increases for as long as possible.’’
‘’Going forward, we will continue to monitor the situation
closely but would like to once again assure our passengers that we are
committed to making travel on our buses as cost effective as we can. Fares
increases will never be implemented unless completely unavoidable,’’ added
Meyer.
Meyer says that any potential future increases will be
discussed with the Western Cape’s Department of Mobility and notice will be
given in advance to all affected parties.
Done By: Mitchum George
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