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

“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.

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.

Cash-strapped state bus company Autopax only able to pay staff half of their salaries“On Monday we will unfortunately not be able to meet the full salary obligations for the month of January and have managed through the operation to collect some funds from fare revenue to pay you 50% of what is due.” State owned = thieves, crooks, liars and tossers doing what they do best Just an addition to the already failed state Sell this entity , the buses are not safe, always laying on the road.breakdowns.when last did they purchase new buses
Source: TimesLIVE - 🏆 28. / 59 Read more »

SAA has enough cash to pay January wages, say business rescue specialists | IOL NewsSouth African Airways (SAA) has saved enough cash to pay January salaries, specialists appointed to try to turn around the struggling airline said. SAA, pay the maintenance people first! They got spares to sell to make up their salary 🙄 The Zuma inspired pillaging sure screwed this national asset .. and still no one is in jail .. Lol..Lies has short legs..what exactly did they do? 🤦🏾‍♀️🤦🏾‍♀️..they did absolutely Jerk🤣🤣...Then what is the role of Chief Restructuring Officer? Oops, how can I forget our taxes are paying for his hospital bills in UK..,so we are paying him while he is lying in hospital 🤦🏾‍♀️
Source: IOL - 🏆 46. / 51 Read more »

Cash-strapped state bus company Autopax only able to pay staff half of their salaries“On Monday we will unfortunately not be able to meet the full salary obligations for the month of January and have managed through the operation to collect some funds from fare revenue to pay you 50% of what is due.” State owned = thieves, crooks, liars and tossers doing what they do best Just an addition to the already failed state Sell this entity , the buses are not safe, always laying on the road.breakdowns.when last did they purchase new buses
Source: TimesLIVE - 🏆 28. / 59 Read more »