Our Company:

Who we are:

Midbank is a well known brand name, not only in the Highveld region, but also in the transport industry.

The Midbank Group of Companies consists of the following bus companies:
Midbank Bus Services (Pty) Ltd (1992/06464/07)
Thembalethu Bus Services (Pty) Ltd (2002/004121/07)
F&I Services (Pty) Ltd (2000/004131/07)

 


History

  • 1992 – The company was established in the Witbank area with a depot at the Ferrobank Industrial area.
  • 1997 – The company started a dormi depot in The Brits area. This operation in North West Province is still growing
  • 2002 –  Thembalethu Bus Service was formed. This company is 31.25% black owned
  • 2005 – A Depot was established in the Steelpoort area and started operating a service. The majority of these services are in the Limpopo Province.

Values:

      M- most trustworthy

      I- innovative

      D - dynamic

      B  - better than excellent

      A- always committed

      N - no compromise on safety

      K- knowledgeable

Introduction:

Our Group is unique in the sense that we do not mainly render normal commuter services where passengers pay for their transport, but mostly services that are tailor made for big employers.  These employers are paying the monthly bill for transport on behalf of their employees.  This is a unique service if compared to most other bus services.

As a caring company we also contribute to the social upliftment to the areas that we operate.  Scholars are being transported at 50% of the normal tariffs and as such we are contributing approximately R260 000 per annum towards education in our area.  Free buses are also provided for social events like AIDS campaigns, pensioner days and disabled people.

We do not sell ourselves as the cheapest bus service in South Africa, but surely as the best value for money.

Vision:

To be the preferred passenger transport operator in our areas of operation

Mission:

  • To provide customised passenger transport services to ensure long term relationships with customers
  • To establish a “family” culture amongst employees in the Group
  • To support community development in our areas of operation

Our People:

The employees working for Midbank Group of Companies are valued as the Company’s greatest asset.  For that reason, every effort is made to ensure justness, loyalty and motivation.

As a company that believes firmly in the correction of the imbalances of the past, drastic action has been taken and today 94% of the total staff complement is from the previously disadvantaged communities (PDI's).

The Company is spending approximately 3% of its total turnover on the training of employees. Some employees are busy with their apprenticeships of which some are PDI's. 

Driver training is also a major priority and each and every driver participates in driver training courses every two years.  These courses are in line with the national standards.  Many other courses like health and safety, supervisory and management, computer training, literacy etc. are taking place on an ongoing basis.

 

Driver Selection :

  • The company encourages the policy of – recruiting from local communities

Training and Skills Development

    • We have a participative Training & Development Committee that manages this process in the company.  All stakeholders are involved in this Committee.
    • We are registered as different companies at the  TETA (Transport Educational Training Authority)
    • We have a comprehensive training and development plan
    • We are a Provisional accredited training provider.
    • Training must take place on all levels in the company to ensure a competent workforce
    • Development must be used to develop competent staff for possible promotions
    • The total workforce must be involved in this process.
    • A succession plan must also be considered as an option to reach our EER goals

Employment Equity

Although it is the believe of management that one form of discrimination cannot be replaced with another form, the principal that imbalances of the past need to be rectified is totally acceptable. The first Employment Equity report had been submitted during December 2000 and the management is in agreement that participation in this process is voluntary. As with other projects the total management is committed to the success of this project.

The workforce at large must reflect the population in the area where we operate. In general this target has already been reached.

The Employment Equity registration numbers are as follows :

    • Thembalethu Bus Services (Pty) Ltd – 2945
    • Midbank Bus Service (Pty) Ltd – 2017

BROAD BASED BLACK ECONOMIC EMPOWERMENT :


General information :

In order to take the empowerment drive also to our bus business a company was formed in which F&I Services has 50% of the shares. 
The rest of the balance of the shares are equally distributed between the company’s senior management and partners from the previously disadvantaged communities.  The company has already managed to obtain contracts with various blue-chip companies.

It is our belief that clients will support this empowerment drive of Midbank Group and that major business opportunities will result from this..

Status :

Thembalethu Bus Services (Pty) Ltd:

  • 31,25% - PDI Ownership
  • 25% - Senior Management
  • 50% - F&I Services (Pty) Ltd         
  • Accredited as a Level 5 BBBEE.
  • Planning to improve to higher level in the near future
  • More than 94% of our workforce are PDI’s. Already accredited by SAMPPF.

(View Certificate)

Midbank Bus Services (Pty) Ltd:

  • 50% PDI ownership
  • 50% Senior Management
  • Accredited as a Level 2 BBBEE

(View Certificate of level 2)