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PUTCO
The Public Utility Transport Corporation (PUTCO) is a provider of commuter bus services in the provinces of Gauteng, Limpopo, and the western parts of Mpumalanga in South Africa. PUTCO was established in 1945 after the bus strike of 1944.
PUTCO is the only public passenger company previously listed on the JSE Limited and has grown into the biggest commuter bus operator in the country. It operates 1,600 buses, employs just over 3,300 people and transports more than 230,000 commuters daily. PUTCO vehicles travel more than 90 million kilometres per year.
PUTCO began manufacturing special access buses in 2002. They are designed and operated in consultation with organisations that work with people with disabilities. It has a bad record regarding road safety. Numerous times it has been compelled to check all its vehicles for roadworthiness. PUTCO was involved in various fatal accidents on the Moloto road near Kameeldrift.
It has entered into a Broad Based Black Economic Empowerment (BBBEE) deal, which afforded Black Africans meaningful participation in the transport industry. PUTCO is now 42.6% Black African owned, 11% of whom are women.
During the apartheid era, PUTCO was the main "blacks only" bus transport company and was often seen as a symbol of oppression. As a result, the company was frequently targeted in attacks and boycott actions. The biggest challenges then were the high cost of diesel fuel, maintenance and spares. PUTCO has been part of South African history. The company traded on the JSE Limited for over six decades, survived the penny fare increase of 1954, the 1976 riots and the upheavals of the 1980s.
Carleo Enterprises bought back the company from the Leyland Motors Corporation in 1971. They had initially sold their entire shareholding in 1962. Albino Carleo went on to lead PUTCO as managing director, later serving as chairman and CEO for more than three decades. He retired in September 2004. Franco Pisapia, a nephew of Albino Carleo, took over as managing director.
The company has its own bus body building facility in Brits, outside Pretoria, called the "Dubigeon Body & Coach". It can also overhaul engines and gearboxes. PUTCO assisted the department of Public Transport Roads and Works with the establishment of a contracting model with Gauteng Women in Transport (GWIT). PUTCO has subcontracted five buses to GWIT, giving it a total of 10 vehicles. This arrangement ensures that the women lease buses and routes from the company.
PUTCO was founded by Jack Bird Barregar in 1945 and listed on the Johannesburg Stock Exchange with an issued share capital of R810,000. At the end of the decade PUTCO was placed under Judicial Management.
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PUTCO
The Public Utility Transport Corporation (PUTCO) is a provider of commuter bus services in the provinces of Gauteng, Limpopo, and the western parts of Mpumalanga in South Africa. PUTCO was established in 1945 after the bus strike of 1944.
PUTCO is the only public passenger company previously listed on the JSE Limited and has grown into the biggest commuter bus operator in the country. It operates 1,600 buses, employs just over 3,300 people and transports more than 230,000 commuters daily. PUTCO vehicles travel more than 90 million kilometres per year.
PUTCO began manufacturing special access buses in 2002. They are designed and operated in consultation with organisations that work with people with disabilities. It has a bad record regarding road safety. Numerous times it has been compelled to check all its vehicles for roadworthiness. PUTCO was involved in various fatal accidents on the Moloto road near Kameeldrift.
It has entered into a Broad Based Black Economic Empowerment (BBBEE) deal, which afforded Black Africans meaningful participation in the transport industry. PUTCO is now 42.6% Black African owned, 11% of whom are women.
During the apartheid era, PUTCO was the main "blacks only" bus transport company and was often seen as a symbol of oppression. As a result, the company was frequently targeted in attacks and boycott actions. The biggest challenges then were the high cost of diesel fuel, maintenance and spares. PUTCO has been part of South African history. The company traded on the JSE Limited for over six decades, survived the penny fare increase of 1954, the 1976 riots and the upheavals of the 1980s.
Carleo Enterprises bought back the company from the Leyland Motors Corporation in 1971. They had initially sold their entire shareholding in 1962. Albino Carleo went on to lead PUTCO as managing director, later serving as chairman and CEO for more than three decades. He retired in September 2004. Franco Pisapia, a nephew of Albino Carleo, took over as managing director.
The company has its own bus body building facility in Brits, outside Pretoria, called the "Dubigeon Body & Coach". It can also overhaul engines and gearboxes. PUTCO assisted the department of Public Transport Roads and Works with the establishment of a contracting model with Gauteng Women in Transport (GWIT). PUTCO has subcontracted five buses to GWIT, giving it a total of 10 vehicles. This arrangement ensures that the women lease buses and routes from the company.
PUTCO was founded by Jack Bird Barregar in 1945 and listed on the Johannesburg Stock Exchange with an issued share capital of R810,000. At the end of the decade PUTCO was placed under Judicial Management.
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