SUBSIDIES * South Africa - Transport union appeals to MPs for urgent action to ‘save bus industry’
CapeTown,South Africa -The Business Day, by Linda Ensor -28 Jan 2009: -- Urgent action was needed to avert the subsidised bus industry’s collapse and the loss of thousands of jobs as a result of the state’s failure to pay subsidies to bus companies for the past four months, the South African Transport and Allied Workers’ Union (Satawu) said yesterday... Parliament’s transport committee, which heard Satawu’s appeal for urgent intervention, decided to call treasury and transport officials to brief it next week... In the meantime, the state should provide contingency funding before the end of the month, the committee said... The accumulated shortfall in bus subsidy payments of R1,2bn arose because the transport department’s bus subsidy budget was exhausted in November...
Labels: subsidies
posted by Unknown @ 4:30 PM
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