Cash-strapped state bus company Autopax only able to pay staff half of their salaries

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In the staff notice, seen by SowetanLIVE's sister publication TimesLIVE, Holele lays bare the dire financial state of the company.

“Colleagues, we are still faced with serious operation challenges which have resulted in serious financial and cash flow shortages.”

The shock announcement follows the appointment of Bongisizwe Mpondo as administrator of Prasa in December.after he fired the interim board in an attempt to “bring stability” to the rail entity. Prasa spokesperson Nana Zenani confirmed the veracity of the circular and said that challenges at Prasa had filtered down to the subsidiary.

 

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