Company director Frans Massyn said the closure was mainly due to the market conditions in the road freight industry and the vandalism and damages the company experiences. He also listed the overall challenges facing the economy.
In a circular sent to staff on Thursday, the company alerted employees of the imminent closure.
Speaking to TimesLIVE, Massyn said none of the company's employees would be affected by the closure of the tautliner division as it has arranged for them to be employed by other firms.
TimesLIVE
Support independent journalism by subscribing to the Sunday Times. Just R20 for the first month.
Trucking company Massyn Vervoer to cease operations because of crime and economy
Image: Facebook / Massyn Vervoer
Emalahleni-based long-haul cargo delivery company Massyn Vervoer on Friday said it had taken a decision to close its tautliner division.
The division will close on April 30.
The Mpumalanga company uses its trucks to transport food and building material on long-haul routes.
Company director Frans Massyn said the closure was mainly due to the market conditions in the road freight industry and the vandalism and damages the company experiences. He also listed the overall challenges facing the economy.
In a circular sent to staff on Thursday, the company alerted employees of the imminent closure.
Speaking to TimesLIVE, Massyn said none of the company's employees would be affected by the closure of the tautliner division as it has arranged for them to be employed by other firms.
TimesLIVE
Support independent journalism by subscribing to the Sunday Times. Just R20 for the first month.
READ MORE:
R40 a litre petrol price fears not based on reality: economists
Amor Towles explores freedom, heroism and road trips in his 1950s epic
Opportunity knocks in SA trucking industry? See salary range for drivers
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Most read
Latest Videos