2009012342231237411956CUSTOM.jpgLaying strong foundations for Governance

The Board of Directors of MTC, appointed in March 2007, is constituted of members who have distinguished themselves in a variety of disciplines at a governance and fiduciary level. In implementing its mandate, the Board developed a Board Planning Framework. The development of this Framework saw more structured interventions with clear monitoring and evaluation yardsticks to measure progress. Significant milestones were recorded and are reflected on the Performance Report which is Part 2 of this Report. This Framework maps the way forward for the Board and introduces sustained improvements throughout the Corporation. 

Contributing to the Provincial Growth and Development Plan

2007/08 was another year in which MTC made its contribution to the Provincial Growth and Development Plan through the provision of public transport services thereby enabling access to health care, basic services, education and employment. We will continue to operate in social routes such that those who live in rural Eastern Cape do not find themselves disadvantaged from accessing these and other services that can help them to improve their lives.

Partnerships and putting our customers first

Commuters were engaged on the level of service expected and kept abreast of changes that impact on them through functional Corporation-Commuter forums. We put our customers first and will keep to our brand promise of "Until We Transport Them All". We pride ourselves on the partnerships built, encouraged by Government's declaration that all organs of state should renew their pledges to the citizenry through building partnerships that will improve their lives. In this tone, MTC started with harnessing relationships within the Corporation, promoting a sense of identity throughout the Corporation. This was extended to external partners and stakeholders. The Corporation is grateful for the support rendered by the Department of Roads and Transport through its strategic and capital investments.

Improving financial viability and sustainability

During the year under review, the MTC Board worked closely with the Corporation's management on the areas of financial management and viability. These include introducing alternative revenue generation streams, improving route revenue and private hire. This coupled with putting in place sound financial management systems and controls, will contribute to MTC's growth and development. We are proud to announce that the Corporation, for the first time, made a profit of R2, 580, 204 million. These measures will go a long way towards improving the Corporation's financial standing. 

Going forward

We will build on these foundations in 2008/09 and fulfil statutory obligations in an accountable and responsible manner. We further commit to implementing the recommendations of the Portfolio Committee on Roads and Transport which has oversight responsibility over the Corporation.

On behalf of the Board of Directors, I wish to thank the Portfolio Committee on Roads and Transport, Department of Roads and Transport, management and staff of MTC, Commuters, Service Providers and partners for their unwavering support.

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Mr. PLC Maseti
Chairperson of the Board