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

In the staff notice, seen by SowetanLIVE's sister publication TimesLIVE, Holele lays bare the dire financial state of the company.

2020-01-25 11:34:00 PM

In the staff notice, seen by SowetanLIVE's sister publication TimesLIVE, Holele lays bare the dire financial state of the company.

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.

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.

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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. Read more: Sowetan LIVE »

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

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

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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