Greyhound closure

R

Roman avril

Senior Member
Joined
Aug 20, 2021
Messages
781
Reaction score
179
Why did greyhound and citiliner really shut down? I been using greyhound for 3 years and never saw a sign they was struggling in any way
 
Roman avril said:
I am sorry but covid affected lots of companies including Intercape and eldo coaches. And they still standing. It's not covid. Maybe it was the final nail in the coffin but it's not the reason
Click to expand...
It's the reason but it isn't the reason? What?
www.businesslive.co.za

Greyhound Bus and Citiliner up for auction

Passenger bus lines including route permits will go under the hammer in mid-September
www.businesslive.co.za www.businesslive.co.za
The passenger bus lines are shutting down after operating at significant losses for a number of years, worsened by reduced travel due to Covid-19 restrictions, the closure of borders with Mozambique and Zimbabwe, as well as the restriction of bus occupancy numbers.
Click to expand...
 
And there are new companies coming in. Those buses is very expensive and expensive to operate. I always use the intercape one.
 
I would guess a combination of Covid19 and then bad management somewhere after that during the different lockdown levels where inter provincial travels were not allowed.
Some bus operators made it work and some didn't
 
upup said:
And there are new companies coming in. Those buses is very expensive and expensive to operate. I always use the intercape one.
Click to expand...
Expensive? I know the expensive to buy that's true, I contacted marcopolo for price of their g7 double decker and they said 7.2 million basic price. But we're talking about companies old enough to have grandkids. Surely they must have saved enough capital to take care of these buses and business
 
Pineapple Smurf said:
I would guess a combination of Covid19 and then bad management somewhere after that during the different lockdown levels where inter provincial travels were not allowed.
Some bus operators made it work and some didn't
Click to expand...
Let's be honest, only greyhound went under. Only greyhound. That's odd. Even young Africa people mover is still alive.
 
Roman avril said:
Let's be honest, only greyhound went under. Only greyhound. That's odd. Even young Africa people mover is still alive.
Click to expand...
Yup, pretty weird hey
Do you know who was in charge of operations last year at Greyhound?
Would love to hear their side of the story
 
Yeah Greyhound has been around for many decades
en.wikipedia.org

Greyhound Lines - Wikipedia

en.wikipedia.org en.wikipedia.org
Maybe when Covid hit shores here the management just got chilled and relaxed and not care coz cashflow is coming in from USA to help them out.
Just maybe
I dunno
Guess we will never know exactly why Greyhound closed in South Africa
 
Gary Chaplin, the CEO of KAP closed Greyhound down after they were running at a loss for several years, maybe Covid19 was just the last nail in the coffin.


Greyhound bus service has blamed its closure on the impact of Covid-19 and travel restrictions. But the company appears to have suffered operating losses for years.​

www.dailymaverick.co.za

Numsa cries foul as Greyhound, Citiliner bus services hit the Covid-19 wall

Greyhound bus service has blamed its closure on the impact of Covid-19 and travel restrictions. But the company appears to have suffered operating losses for years.…
www.dailymaverick.co.za www.dailymaverick.co.za
 
Pineapple Smurf said:
Gary Chaplin, the CEO of KAP closed Greyhound down after they were running at a loss for several years, maybe Covid19 was just the last nail in the coffin.


Greyhound bus service has blamed its closure on the impact of Covid-19 and travel restrictions. But the company appears to have suffered operating losses for years.​

www.dailymaverick.co.za

Numsa cries foul as Greyhound, Citiliner bus services hit the Covid-19 wall

Greyhound bus service has blamed its closure on the impact of Covid-19 and travel restrictions. But the company appears to have suffered operating losses for years.…
www.dailymaverick.co.za www.dailymaverick.co.za
Click to expand...
But still, other companies have not had the same situation and have been good these past 7 years. The only thing that made me suspicious about greyhounds profitability was their prices. Travelling between plk and pta, it was regularly 250 220, depending on discounts. That's too low. Cheaper than even taxi. Intercape doesn't do that. I payed 310 on Friday. Taxi is 260
 
Roman avril said:
But still, other companies have not had the same situation and have been good these past 7 years. The only thing that made me suspicious about greyhounds profitability was their prices. Travelling between plk and pta, it was regularly 250 220, depending on discounts. That's too low. Cheaper than even taxi. Intercape doesn't do that. I payed 310 on Friday. Taxi is 260
Click to expand...
I think the holding company KAP was saving Greyhound each year with bailouts as they did mention the company was troubled for a few years already.
When Covid19 hit all their companies took a knock and they decided to cut the rope on the ones that were making the biggest loss.

Thats just my hunch and what I would have done if I was a CFO
 
Pineapple Smurf said:
Yup, pretty weird hey
Do you know who was in charge of operations last year at Greyhound?
Would love to hear their side of the story
Click to expand...
I'm sure it'll be revealed one day. I heard the global parent company just decided to take money from SA operations to its UK companies during the pandemic. Guess Africa doesn't matter
 
Roman avril said:
I'm sure it'll be revealed one day. I heard the global parent company just decided to take money from SA operations to its UK companies during the pandemic. Guess Africa doesn't matter
Click to expand...
Now that would not surprise me as we go further into Junk Status each year thanx to the political situation in this country
 
Pineapple Smurf said:
I think the holding company KAP was saving Greyhound each year with bailouts as they did mention the company was troubled for a few years already.
When Covid19 hit all their companies took a knock and they decided to cut the rope on the ones that were making the biggest loss.

Thats just my hunch and what I would have done if I was a CFO
Click to expand...
People would have payed extra high prices. Especially for such a household name. Not like we have much of a choice either. I remember being in a taxi. I open the window but person behind me complains. Then a women changed her baby's pampas on my brand new R500+ bag. Imagine
 
You must log in or register to reply here.
Back
Top
Sign up to the MyBroadband newsletter
X