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TimesLIVE reports that rising operational costs, including fuel prices, will see Golden Arrow Bus Services’ (GABS’s) passenger fares in Cape Town increase on average by 2.7% from 18 September.
The pricing of pensioners' products will not increase. “We remain cognisant of the effect of fare increases on our passengers and only implement increases when all cost-saving options have been exhausted and absorbing operational cost increases is no longer possible,” said GABS. The company confirmed rising fuel prices were partially to blame. It indicated: “Rising operational input costs, such as fuel and a legacy of implementing fare increases much lower than industry inflation has placed significant strain on the company’s ability to provide the level of services our passengers expect and deserve. “Contractual rates paid by government have also decreased in real terms.
- Read the full original of the report in the above regard by Kim Swartz at TimesLIVE
Get other news reports at the SA Labour News home page