Glenn Ashton - While World Cup public transport to and from our stadiums left many visitors nonplussed at our rather muddled effort towards providing mass transportation, it was South Africa’s first real attempt at providing a modern, mass transit system. We must build on this slightly shaky start toward modernising our public transport. Under the apartheid regime mass transit was primarily geared toward black people in dormitory townships, while whites were provided with world-class roads to get...
America's General Motors filed for bankruptcy on 1 June 2009, and will be bailed out by the federal government, making the government a 60% shareholder in the company. The bailout is valued at US$30bn. The company is to be remodeled and emerge as a "new GM," which will be smaller. Thousands of GM jobs are on the line. Somewhat disappointingly, President Obama announced that "the federal government will refrain from exercising its rights as a shareholder in all but the most...
Mohamed Motala - The emphasis being placed on Transnet and how well its current head has performed has been getting much attention. However, in the midst of all the year to date earnings, positive cash flows and balance sheets that we are being presented with in the press, one issue stands out: the inefficiency of the public train system is being drowned out in the noise of the accolades for the parastatal’s business and leadership performance. There are no figures to gauge the performance of the...