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

Cash-strapped state-owned bus company Autopax will not be able to pay full salaries to its 1,071 staff on Monday, acting CEO Tiro Holele announced on Saturday.

25.1.2020

“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.”

Cash-strapped state-owned bus company Autopax will not be able to pay full salaries to its 1,071 staff on Monday, acting CEO Tiro Holele announced on Saturday.

4 days ago He said that the balance of salaries would be paid on a date yet to be confirmed. “Colleagues, we are still faced with serious operation challenges which have resulted in serious financial and cash flow shortages.” He said that Autopax, as well as Prasa and the department of transport were seized with turning Autopax around to make it a functioning business which was sustainable. The shock announcement follows the appointment of Bongisizwe Mpondo as administrator of Prasa in December. He was installed by transport minister Fikile Mbalula after he fired the interim board in an attempt to “bring stability” to the rail entity. Speaking in Cape Town this week, Mpondo said that Prasa too was in financial dire straits and was struggling to operate the rail service. Prasa spokesperson Nana Zenani confirmed the veracity of the circular and said that challenges at Prasa had filtered down to the subsidiary. She said wide-reaching reforms were needed at Autopax to put it back on a sustainable financial footing. Attempts to contact Holele, as well as department of transport spokesperson Ayanda Allie-Payne, were unsuccessful at the time of publishing. MORE Read more: Times LIVE

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

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 🤦🏾‍♀️

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

SAA has enough cash to pay January salaries - rescue expertsSAA has saved enough cash to pay January salaries, specialists appointed to try to turn around the struggling airline said on Friday. So you worried about paying salaries instead of a functioning Airline😩 we must get our priorities correct 🤣

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)😔

Verify before you send cash to your WhatsApp contact“It usually starts with scammers luring you in by offering generous prizes or employment opportunities and then asking you to click on a link that appears to be from a legitimate business or from WhatsApp itself.”

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

A black man in the US received a settlement in a race discrimination lawsuit. When he tried to cash the cheque, the bank called the cops, prompting a second racial discrimination case.A black man in the US received a settlement in a race discrimination lawsuit. When he tried to cash the cheque, the bank called the cops, prompting a second racial discrimination case | BISouthAfrica BISouthAfrica Hai makabuye once BISouthAfrica The Daily Double. Dude can't believe his luck. BISouthAfrica Sophie_Mokoena and Patrice says we Africans loves Donald Trump?

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. They get what they deserve,,they operate translux, City to City like their own spaza ships. 🤣🤣🤣this government collapses everything. Welcome to China chinazzz First time I am hearing that its state owned 😯

And WHO is in charge of this failure

Clicks pushes its own branded products“We have to be conscious of the environment and can’t be naive about what is happening.”

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

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 🤦🏾‍♀️



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