COMPANY PROFILE
On 1 April 1990, the South African Transport Services (National
Railways) became a public company called Transnet Limited, as
a consequence of the deregulation of the transport industry. The
National Railways also shedded its responsibility for rail commuter
services to the newly formed entity.
The South African Rail Commuter Corporation Limited (SARCC)
was established at the same time to assume the responsibility
for the rail commuter services throughout South Africa. The Corporation
inherited all assets (land and properties) in and around commuter
stations and corridors for the purpose of commercialising these
assets to financially contribute to a reduction in the subsidisation
of the social commuter rail service. During 1992, a wholly owned
subsidiary company of the Corporation, Intersite Property
Management Services (IPMS), was formed to perform this function
for the Corporation.
The main object and business of SARCC is to ensure that, at the
request of the National Department of Transport or any local government
body designated as a transport authority, rail commuter services
are provided in the public interest. Services are currently provided
by Metrorail Services, a division of Transnet, in terms of a negotiated
concessioning agreement.
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