For more financial news, go to the The board of the Passenger Rail Agency of SA has instituted an internal inquiry into its chair Leonard Ramatlakane following a report that he moved his family into a luxury house belonging to the state-owned company.birthday party there. According to the report, the home is meant to be used by its execs on work trips, to avoid hotel costs. Prasa recently spent R2.5 million on upgrading the house.
Prasa told the Sunday Times that he was renting the home with a lease valid from December to February, but that this was later extended to March. The agency then said in a statement on Thursday that its board had an urgent meeting in the week and"after much deliberation, the board resolved to refer the allegations for an internal inquiry, in line with applicable Prasa policies and the law."
A report is expected in the next two weeks, and if the findings"affect the chairperson", they will be referred to the minister of transport to make a decision. "Prasa is focused on successfully executing its mandate. In discharging our fiduciary duties and in line with the board charter, we must ensure that our members comply accordingly and uphold a high standard of integrity and vigilance", one of the board's directors, Ndidi Mpye, said in a statement.It is currently in the midst of a legal battle over its decision to suspend its head of legal, Martha Ngoye, who exposed alleged corruption at the agency.
_Business Remember the old Transkei and the way it was governed- that’s your new SA, corrupt, broke, inept … enjoy it
_Business Is this tri-cameral parliament party minister still eating the cream
_Business They will blame WMC
_Business Never! Must be 1652s fault!
_Business Is there not 1 honest MP or govt official?! It’s just shocking!!
_Business This one has a foot in the grave but he still cant keep his hands out of the till. Disgusting 🤢
_Business Corruption and fraud in leadership, that's all we ever hear these days.
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Prasa inquiry into board chair for moving into posh company houseAiling state passenger rail company Prasa has instituted an internal inquiry into its chairperson Leonard Ramatlakane for occupying one of its properties in Newlands, Cape Town, while his own house is being renovated. Why does Prasa own a house in Newlands at all ? 🙄 We're coming to auction that house. Mathias Mthethwa stayed at the Table Bay Hotel Waterfront CT at R50 000 a day with his security while his house was being renovated years ago . So this is an old problem
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