×

We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

It was about a year ago that KAP’s Greyhound and Citiliner buses stopped running, becoming significant casualties of lockdown after losing money for several years.

Running a diversified group like KAP requires tough decisions to be made, even when there is an obvious social impact. The buses were eventually sold on auction for R84m (R20m below the impaired carrying value) and KAP had to face the relevant labour union in court...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now