We’re in the business of serving black people with dignity, says Africa People Mover (APM) founder and CEO Tumisang Kgaboesele.
APM is, according to Kgaboesele, the first bus company to use luxury coaches to service the lower end of the market.
Kgaboesele started his 100% black-owned firm in 2014 with buses he leased from Intercape.
APM operates 29 buses, and is aiming for 60 within five years.
He employs 220 people.
Listen to the interview in the audio below (and/or scroll down for quotes from it).
…You need to walk in the shoes of the people you’re serving…— Tumisang Kgaboesele, Africa People Mover
How do we salvage the reputation of long distance busses [after SA Roadlink]…?— Tumisang Kgaboesele, Africa People Mover
The very first bank to come to the party was Standard Bank…— Tumisang Kgaboesele, Africa People Mover
A coach cost between R4.5 million and R5 million… It’s expensive! You’re only profitable for three months in a year…— Tumisang Kgaboesele, Africa People Mover
Most operators are really struggling… We’re in discussions with our funders… Fortunately, they’ve agreed to work with us…— Tumisang Kgaboesele, Africa People Mover
Long distance travel is extremely discretionary…— Tumisang Kgaboesele, Africa People Mover
Our business is extremely agile…— Tumisang Kgaboesele, Africa People Mover
They [fuel price hikes] couldn’t have come at a worse time…— Tumisang Kgaboesele, Africa People Mover
Get the 10 most-read articles of the week from Bruce Whitfield’s The Money Show, emailed to you every Friday morning:
Recommendedby NEWSROOM AI
You may not have heard of Langeni, but she has one of the hardest and most important jobs in SA. Bruce Whitfield interviews her…
He may just be the world's biggest Madonna fan! Bruce Whitfield interviews Chauke for his weekly “ShapeShifter” feature.
Bruce Whitfield interviews Maluleke – the first black woman to lead a South African bank.
Refilwe Moloto interviews Gubeka, a design guru Forbes reckons is one of Africa’s most promising young entrepreneurs.
Kganki Matabane joined the BBC in December 2017. The Money Show’s Bruce Whitfield interviews him.
The Money Show’s Bruce Whitfield interviews former Minister of Finance Nhlanhla Nene.
Johannesburg father, Chris says he had just come back from work when he walked in on an employee raping his 17 year old daughter.
The author of Exit, Grizelda Grootboom, explains how she was trafficked, drugged and sold for sex on the streets of Joburg.
Pan Africanist Congress's Narius Moloto explains why it supports the name Azania, a word which he says has Arabic origins.
A trending Twitter debate has left social media users arguing over whether Winnie the Pooh is a girl or boy.
Marli van Breda's ex took the stand in the trial of triple murder accused Henri van Breda.
WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...
Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?