HCI’s transport subsidiary gets boost from Sibanye purchase
Hosken Passenger Logistics and Rail fully acquired Sibanye Bus Services during the six months to end-September
21 November 2019 - 11:48
Hosken Passenger Logistics and Rail (HPLR), the holding company of Golden Arrow, received a boost in its six-months to end-September from ramping up its presence in Cape Town’s public transport network.
HLPR, which is a division of Hosken Consolidated Investment (HCI), acquired the remaining 66.66% stake in Sibanye Bus Services it didn’t hold during the course of the period. This acquisition contributed R47.7m in revenue and R9.7m in profit during the period...
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