Eshowe-based bus co-operative Mlalazi Trading has purchased five new buses at a cost of R10.5 million.
The investment – funded by Ithala Development Finance Corporation (IDFC) – will allow it to expand its fleet to 15 and offer four additional government-approved routes. Three of the new buses, each with a price tag of R2.1 million, have already been bought. The fifth bus will be used as a substitute to ensure fewer route interruptions.
“This is the beginning of great things,” said Thamsanqa Ngcobo, the chairperson of Mlalazi Trading.
Our team of employees includes qualified business experts who will provide the corporation with management and technical support as when the need arises.
The high profile unveiling and launch of eShowe-based Mlalazi Trading’s new bus depot and buses marked a high point in the co-operative’s business journey.
This necessitated the building of a R3,5-million modern bus depot with facilities to maintain and repair the co-op’s fleet.
The depot accommodates 14 buses, offices and a board room.