Media statement: IBL ANNUAL TARIFF INCREASE

Media statement: IBL ANNUAL TARIFF INCREASE

2020-05-27T10:39:38+02:00

Bloemfontein, 27 May 2020 at 10h00: Interstate Bus Lines (IBL) released a statement that the company will seek a postponement of its annual tariff increase (expected to come to effect on 01 July 2020). In his address through the quarterly company newsletter “Mopalami”, the CEO Mr. George Mokgothu noted the unintended devastating effect of the lockdown measures on the most vulnerable low-income groups including job seekers.

Throughout the years, the annual tariff increase has enabled the company to meet its obligations, but given the impact of Covid-19 on the economy and passengers, implementing a tariff increase in July would not be realistic. Although the lockdown has equally been devastating on the company and threatens its sustainability, Interstate Bus Lines as a socially responsible corporate citizen, considered affording its valued passengers temporary relief by postponing the tariff increase to a later date in the year. The date will be announced after engaging local authorities.

“We believe that the temporary relief will go a long way in ensuring our valued passengers will be able to recover and continue to support our company during this difficult period of the pandemic”

Interstate Bus Lines commits to supplying additional information by working closely with the media and the public. Please direct any information or questions that you might have to IBL’s Stakeholder Relations Manager, Vuyo Ondala on 051-4087016, vuyo.ondala@interstate.co.za, ibl@interstate.co.za, or WhatsApp line 083 2977 989 & SMS via 30606

 

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GEORGE MOKGOTHU

CEO

27 May 2020