The Gauteng High Court in Johannesburg has agreed to place Piotrans, the company that operates Johannesburg’s Rea Vaya bus system, under business rescue following alleged mismanagement and maladministration that have brought it to the brink of collapse.
Jan Right/Daily Sun/Gallo Images
Piotrans, the company that operates Johannesburg’s Rea Vaya bus system, was intended to be a model of what Black Economic Empowerment (BEE) could achieve, but now, its creditors allege, mismanagement and maladministration have brought it to the brink of collapse.
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