Golden Arrow to hike bus fares by 7% from April
The bus company said while it delayed the implementation of its annual fares increase in December, it can no longer absorb rising costs across its supply chain.
FILE: Golden Arrow buses parked at the Cape Town bus terminal. Pictures: Bertram Malgas/Eyewitness News
CAPE TOWN - Golden Arrow Bus Services says commuters can expect an increase in fares from April.
Fares will cost around 7% more from 1 April.
The bus company's Bronwen Dyke-Beyer explained the reason for the price hike.
"Golden Arrow Bus Services took the unprecedented decision to delay the implementation of our annual fares increase - which should have taken place in December 2023 for as long as we could possibly sustain it.
"Unfortunately, we are no longer able to absorb rising costs across our supply chain and we will therefore be implementing an average 7% increase on the 1st of April 2024."
Dyke-Beyer said Golden Arrow’s interim operating contract with the provincial government makes provision for adjustments to fares to offset operational cost increases.
"Golden Arrow is always acutely aware of the difficult economic climate in which our passengers find themselves. This average increase of 7% is not only unavoidable, but essential to ensure that Golden Arrow is able to remain sustainable and to maintain the same exceptional level of services which 96% of passengers would recommend to friends and family."