BREAKING: Mbalula dissolves Prasa interim board, places it under administration

[Jopie Fourie]

Mbalula dissolves Prasa interim board, places it under administration | Fin24

Bongisizwe Mpondo has been appointed administrator of the struggling state-owned passenger rail agency.

www.fin24.com

Transport Minister fikile Mbalula has dissolved the interim board of Prasa and placed the struggling state-owned entity under administration with immediate effect.

Bongisizwe Mpondo has been appointed as its administrator.

The secondment of the acting Group CEO, Dr Sishi, has also been withdrawn with immediate effect.

The passenger rail agency has been rocked allegations of administration inefficiencies and corruption involving top executives, with former transport minister Blade Nzimande once suggesting that it had for a long time been used as as ATM.

An attempt to turnaround the company has led to suspensions of numerous senior managers implicated in allegations of improper, irregular, corrupt, fruitless and wasteful expenditure.

 

[Jopie Fourie]

The ANC's legacy and how it should be written up in history books...

 

[daveza]

Transport Minister fikile Mbalula has dissolved the interim board of Prasa

So they all get fired with no performance bonus and no severance pay....

 

[ToxicBunny]

Hmmmm the administrator is definitely not squeeky clean if its the person who was given an open ended contract at Cross-Border Road Transport Agency around 2007

 

[Geoff.D]

So, The whole country will be under "administration" soon. How in Hell does this solve anything?

 

[The_Librarian]

I smell oinkage coming up.

 

[BBSA]

So, The whole country will be under "administration" soon. How in Hell does this solve anything?

It ensures the loot goes to the correct comrades.

 

[Sarg3_ZN]

So the ANC have picked up new buzzwords, "Under Administration" and "Business Rescue", now if only they can get around to honesty, integrity, equality and fairness we might actually start to go places.

 

[ProfA]

I smell oinkage coming up.

This ^. New pigs for the trough.

 

[Excalibur]

Results of the War Room?

 

[The_Librarian]

It ensures the loot goes to the correct comrades.

100% this.

 

[daveza]

OT but more Fikile nonsense...

 

[TysonRoux]

No accountability.

 

[LaraC]

First it was plane's, now it's trains. Are there any SOE in control of cars?

 

[The_Librarian]

No accountability.

Yup.

They'll place SoE's under "business rescue" - but it's just a sham to milk it further and to prevent creditors from asking for their money back.

 

[The_Librarian]

First it was plane's, now it's trains. Are there any SOE in control of cars?

You forgot snakes. Let's send in Snake Plissken.

 

[NarrowBandFtw]

oh FFS, seems the ANC has learned a new trick, administration for everyone, the spice must flow!

GFY Mbalula, you're probably dumb enough to think you have people fooled

 

[Jopie Fourie]

oh FFS, seems the ANC has learned a new trick, administration for everyone, the spice must flow!

GFY Mbalula, you're probably dumb enough to think you have people fooled

Administrasie is niks. Hulle ontbind die raad, stel nuwe vriende aan in die posisie en gaan dan aan soos normaal. Almal steel. Almal word vet. Wanneer dinge opdroog dan begin die administrasie proses weer van voor.

Plaas hulle onder sakeredding waar die regering nie behoort in te meng nie, dan praat ons weer.

 

[NarrowBandFtw]

Administrasie is niks. Hulle ontbind die raad, stel nuwe vriende aan in die posisie en gaan dan aan soos normaal. Almal steel. Almal word vet. Wanneer dinge opdroog dan begin die administrasie proses weer van voor.

Plaas hulle onder sakeredding waar die regering nie behoort in te meng nie, dan praat ons weer.

Plaas hulle almal onder fokken likwidasie!

 

[Jopie Fourie]

Plaas hulle almal onder fokken likwidasie!

Dit is presies wat moet gebeur!