Greyhound Bus Company Shuts Operations After 37 Years of Service

Brian Kazungu, 03/02/2021

The economic environment is looking bleak especially for many businesses because of the Covid-19 induced difficult operating environment.

The latest notable casualty is South Africa’s luxury bus company Greyhound which announced that it will be shutting down its operations and that for Citiliner after having operated in South Africa for 37 years.

In its announcement, Greyhound did not give the reasons for its complete shutdown but it highlighted that people who were scheduled to travel after the 14^th of February will have to get refunded.

Many business across the world have been negatively affected by the lockdowns which are meant to contain the spread of the Corona virus.

Recently, Ster-Kinekor Theatres in South Africa were forced to take the voluntary business rescue option because of the Covid-19 pandemic in order to rehabilitate the once profitable business whose cash generation has been negatively affected by lockdown measures meant to contain the spread of the virus.