“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.
No surprise here; had personal shocking experience with translux recently. Not hard to now see this confirmation.
These buses should be run by private companies.
Ubuhlanzo benja lobu. People worked for the entire month. Why should they be inconvenienced because of some incompetent swines that are clueless? Senior managers shouldn't be paid. Imagine after struggling through January and being told this!
jvnaidoo Another SOE looted into crisis.
SAA is not making money Translux is not making money Durban transport is not making money
How come Intercape and Greyhound still making. Looting of state-owned businesses
Kubi kubi
Yet those ministers with the blue light brigades get their full million rand monthly salary and benefits every month, no hassle
ANC has run everything to the ground. Now, even working for a Gov't institution is not safe anymore. You don't know if you will get your salary and you don't have job security.
I've seen this one coming after seeing a multiple bus breakdowns almost every day, people are now too reluctant to board them
AH......and we thought we'd seen them all!
This is a direct consequence of corruption especially to the levels of state capture. Guptaa, bosasa & all unsung corrupt or often being SMMEs that are used to loot state coffers in the name of B-BBEE to benefit govt employees & political office bearers & their associates
Does Sipho at City Press know! Bet he does, but does not fit his narrow narrative. Those who shouts loud for more state ownership. Blind to socialism’s absolute failure.
RediTlhabi State owned Surprise surprise....eish we have no money to pay you but i bet the big knobs up at the top get an awesome salary and drive fancy cars.
Mxm! Not surprising, worse customer service ever. They never answer calls or respond to emails.
Why are they not selling shares and we can buy and invest, but they must run this companies like DStv, Phuthuma nathi. Obviously they must bring the taxi industry on board.
....AND THEIR ARE STILL PEOPLE ON MY TIMELINE DEMANDING PROOF OF STATECAPTURE !!!!! *+CK
Looting has infiltrated all facets of human existence in South Africa
Hey, but lets vote MYANC again! 😠
South Africa is collapsing under ANC government everything needs bailout
They even hide state entities yooo I didn't know the government owns translux
MbalulaFikile MYANC Please address this urgently.
What are we now? Down seems to be the projection. Until we get rid of us and them situation this world is never gonna be alright
Guptas stole the money even here?🤣
RediTlhabi Has anyone noticed that the public only hears about problems when these companies run out of money? This is a division of PRASA...what are they hiding?
Is there any state company doing well
😂 😂 A mess this country
GUNFRIENDLY_SA Never heard of it, but if the state has their tentacles on it, the outcome is predictable...disastrous!
Wow
Ooh noooo!.. Zuma looted all the money that they would have used to pay bus drivers by now..(Ey, Zuma and the Guptas guys)😔
RediTlhabi The ANC is showing us the middle finger. Let continue to keep them in power and there is more bad news coming.
Last time they purchased new coaches was in 2010 . Autopax and Prasa same WhatsApp group
Viva ANC. ANC loots, ANC steals.
They will compromise on technical the more experienced drivers will be snapped up by competitors the end of the once proud
Another ANC success story....
Can somebody educate me as to why the state keep these buses and SAA as they are not basic need like water and electricty?
This is will the staff members meet their financial obligations?How will they put food on the table?Tell their creditors they'll pay half?Tell the supermarkets they'll pay half?💔
This used to happen in Zim
They are state owned? Nowonder they look like they are falling apart.
I don't know what make this bus operator failure. The are competitor's who are new in this industry. But still doing well. What is happening within this division. Hope the minister his not been mislead again by those who are in a management positions
Their buses are old, City to City and Translux
By the time people wake up Mzansi will be gone..
State... State owned. Why now? Mr Gordhan, what's going on?
Why during the reign of Jamnandas, all state enterprises are collapsing but we are made to believe he is cleaning corruption, this ghandi is here to collapse everything and sell it to his friends and get kickbacks
My lord. Gosh how much was stolen from this state entity. Another failed state entity that we did not even know about.
🤣🤣🤣this government collapses everything.
They get what they deserve,,they operate translux, City to City like their own spaza ships.
Welcome to China chinazzz
First time I am hearing that its state owned 😯
And WHO is in charge of this failure
City to city or Translux, one of them needs to fall. No need to have both while competing with the likes of Greyhound and still failing.
SOE'S are down
Bring back Lucky Montana & Dipuo Peterson, coz Mbalula is failing
I didn't know these are state buses 🤔
This is becoming normal now 🤔
I give up with this Rama-buffalo anc 🤔 This is treason in any other advanced society
Sell this entity , the buses are not safe, always laying on the road.breakdowns.when last did they purchase new buses
Just an addition to the already failed state
State owned = thieves, crooks, liars and tossers doing what they do best
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: IOL - 🏆 46. / 51 Read more »
Source: IOL - 🏆 46. / 51 Read more »