InfoisInfo South Africa

North West Transport Investments
Transportation Company in Pretoria

www.nti.co.za
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Remember you found this company at Infoisinfo (012) 546 842?

Address

Zelda Park Building 303 570 Gerrit Maritz Street. Pretoria North. Pretoria. Gauteng. 0182
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What you should know about North West Transport Investments

Investments in Pretoria, Investment Company in Pretoria, Government in Pretoria, Transport in Pretoria

NTI BackgroundThe NTI is a company.
of two operating centres – Shared.
the Gauteng Province.The NWS operations consist.
(Pty) Ltd (“NWS”)in.
services through its subsidiary company, North West Star.
transportation.
by the North West Provincial Government and provides bus.
owned.
Mabopane Industrial area. The company is wholly.
in.
namely:Batswana Gare –.
approximately 39 million kilometres per annum from 4 operating centres.
approximately 33 million passengers covering a distance of.
provides transports.
company operates a fleet of 639 buses and.
registered in terms of the Companies Act of 1973. The.
Services Centre and Head Office.

A Premier provider of sustainable transport services and investments in South Africa and beyond. We shall render a reliable and efficient transport service to satisfy our customers by investing in our human capital, community and the environment. The Board of Directors was appointed to take over the judiciary responsibilities of the company in August The current CEO was appointed in 2015 as final phase of putting leadership structures into place. NTI offers a wide variety of services as reflected below to its subsidiaries and clients. Services are available for all clients' in particular small business operators, interested groups such as women in transport, emerging SMME's in transport and other groups in the transport related fields. The Northwest Transport Investments (Soc) Ltd was established in 1973 as a parastatal company solely owned by the North West Provincial Government. The NTI Group, through its subsidiary Northwest Star, was the primary source of transport in the North West Province since its inception during the days of the erstwhile Bophuthatswana. With the growth of the company, transport services were also extended to the areas of Limpopo, Mpumalanga and Gauteng provinces to thousands of commuters. The company experienced financial difficulties during the late 1990s and subsequently employed the services of a new Executive Management team with a view to turning it around from its financial difficulties. Since 1999 various strategies and action plans were implemented to turn the company around which, inter alia included fleet reduction and retrenchments. These actions were supported by the judicial management process inclusive of the creditors and the shareholders. The company has turned around the loss making trend and started making profit during the 2002 financial year and was then ready to be privatised as was initially intended but for its virtual insolvency. The restructuring and privatisation of the company to clear any insolvency status started during August 2004 where the western and far western operating centres and operations were sold to private operators in a structured privatisation process. Negotiated contracts were awarded to the successful bidders. The privatisation was carried out under the auspices of a Project Management Team consisting of representatives from National Government, Provincial Government, Board of Directors, Management and Labour. A gross amount of R188 million was realized from the sale of the western operations and the company and its subsidiaries were finally in a solvent position.
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