PioTrans’ business rescue practitioner, Mahier Tayob, says the embattled company operating Rea Vaya will be four times more profitable in the next few months.
On Thursday, Tayob and Johannesburg Transport MMC Kenny Kunene unveiled six buses and 41 others that are set to be gradually integrated into its fleet.
In recent months, the company’s bus drivers took to the streets on numerous occasions to protest delayed and missed salary payments.
The company was placed under business rescue in 2023 after its creditors cited monies due to them.
However, Tayob said the new buses would be the missing puzzle piece of his plan to increase profits.
“Creditors will start getting paid relatively quickly, our operational expenses will be maintained, there will be sufficient funds for [], and commuters will not be stranded any longer.”
-EWN
In other news – Watch: A look into Young Stunna and his girlfriend’s lovely vacation
Well-known Mzansi singer, Sandile Fortune Msimango, popularly known by his stage name, Young Stunna, and his girlfriend spent quality time while on vacation.
The South African musician is secretive about his personal life, which includes his love life. However, he gave fans a glimpse into his vacation with his girlfriend. The singer and his lover enjoyed the serene environment which they explored. Read More
