About Us

HPL&R is an investment entity tailored to consolidate and expand opportunities in the mobility and logistics sectors. The current portfolio is rooted in the commuter bus and luxury coach segments. Through its principal subsidiary Golden Arrow Bus Services, with over 157 years of proven operational expertise, the Company aims to harness the combined institutional knowledge and skills sets to pursue further prospects in bus and coach operations and potential entrées into freight, rail and logistics operations.


Golden Arrow Bus Services: 100% Golden Arrow Bus

GABS is the largest scheduled commuter bus operator in the Cape Metropole. The company is the only operator in the Cape Metropole accredited with the prestigious Road Transport Management System and the largest bus fleet in South Africa to achieve this accreditation. The company has been providing scheduled passenger services in Cape Town for over 157 years. It operates approximately 1 086 buses during peak hours, serving 1 300 routes and covering a total area of approximately 2 460 km². The fleet travels 60 million kilometres and conveys 55 million passengers annually. The employee complement for GABS and its subsidiaries exceeds 2 800 people.

Sibanye Bus Services: 100% Sibanye

Sibanye was established as a joint venture between GABS and two emerging black owned bus companies, Abahlobo and Siyakhulu Bus services in 2001. The company has a fleet of 50 buses and operates sub-contracted services along the Atlantic seaboard.

N2 Express: 33,33% N2

The N2 Express Joint Venture (JV) Vehicle Operating Company was formed between Codeta in Khayelitsha, the Route 6 Taxi Associations in Mitchells Plain and Golden Arrow Bus Service (GABS) in July 2014. The company is an associate of GABS and operates 40 buses along four MyCiTi routes between the Metro South-east and the Cape Town CBD.

Eljosa Travel & Tours: 76% Eljosa

Eljosa Travel and Tours was established in 2004 operating in the luxury coach and scholar transport market segments. HPL&R acquired a majority shareholding in the company in 2016 and the fleet of 32 buses is well positioned to pursue opportunities in the growing charter hire and tourism sectors.

Table Bay Rapid Transit: 100% Table Bay

Table Bay Rapid Transit (TBRT) is a joint venture between GABS and two emerging black owned bus companies, Abahlobo and Siyakhulu Bus services. With a fleet of 60 buses, the company has ISO 9000 accreditation, and has established itself as one of the leading Vehicle Operating Companies in phase one of the MyCiTi network since its establishment in 2013.

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Yunis ShaikNon-executive Chairman B. Proc

Yunis was an attorney of the High Court and in private practice prior to joining HCI in 2014. He is a former Deputy General Secretary of the Southern African Clothing and Textile Workers Union (SACTWU) and a director of Workers’ College. He has served as Senior Commissioner of the Commission for Conciliation, Mediation and Arbitration (CCMA) in KwaZulu Natal. He was appointed to the HCI board in August 2005.

Kevin GovenderDeputy Chairman B.Comm (Hons), B.Compt (Hons)

Kevin is the financial director of HCI. He joined the HCI group in 1997 and held the positions of company secretary and chief financial officer from 2001. He holds directorships in several of HCI subsidiary companies and is a trustee of the HCI Foundation. He was appointed to the HCI board as an executive director in June 2009.

Francois MeyerChief Executive officer Dip Trans, B.Comm, MBA

Francois has been working in the scheduled bus operations industry for the past 30 years and started his career in transport at United Transport’s Western Bus Lines, in the North West, in 1985. He joined Golden Arrow Bus Services (GABS) in 1991 as project manager overseeing the Company’s Mossgas contract. He was appointed operations manager in 1993, assumed the position of general manager in 2004 and became chief executive officer in 2015.  He is a Director of the South African Bus Operators Association (SABOA).

Mark WilkinChief Financial Officer B.Comm, CA (SA)

Mark worked for Deloitte Haskins and Sells in London, United Kingdom, from 1980 to 1982. He joined City Tramways in 1983 and was appointed financial director in 1988. In 1992 he was part of the consortium formed by the management team to buy the business of City Tramways from TGH Limited (formally Tollgate Holdings Limited) and formed GABS, where he has been Financial Director since 1992.

Loganathan GovenderIndependent non-executive Director BComm, CTA, CA (SA)

Loganathan is the sole proprietor of the auditing firm, Logie Govender & Co which is the oldest Black auditing practice in South Africa. He has over 40 years’ experience as a practising auditor. He also serves on the boards of E Media Holdings Limited and Deneb.

Naziema Begum JappieIndependent non-executive Director BSocSc (Hons), MSocSc, PGDip (HE)

Naziema brings with her a distinguished and varied background in fields including education, labour law, conflict resolution and performance and project management. She has served as SACTWU’s national education officer, Executive Director at the Durban University of Technology and Dean of Students at the BSocSc (Hons), MSocSc (specialising in Industrial & labour studies, PGDip (HE) & Honorary Consul for the Republic of Maldives University of the Witwatersrand. She also served as Vice President of South African Women’s Forte, Vice Chair – HEAIDS Strategic Advisory Committee (HESA), Member of Institute for Directors of South Africa, Member of Muslim Women’s Shura Council and Secretary for the Vula-e- Noor Organization (working with orphan children). She is currently employed as Director for the Centre for Educational Testing for Access & Placement at University of Cape Town.

Rachel Doreen WatsonIndependent non-executive Director

Rachel served as a manager at a regional radio broadcaster. Prior to this appointment, she was employed for 33 years within the clothing industry, serving as a trade union representative and national media officer. Rachel is an independent non-executive director of eMedia Holdings Limited, Tsogo Investment Holdings, Hospitality Property Fund and HCI.

Contact Us

  • 103 Bofors Circle Epping Industria 7460
  • 021 507 8800
  • PO Box 115 Cape Town 8000