Image: EWN
The National Taxi Association (NTA) explained that PioTrans, the bus operator for Rea Vaya, entered business rescue because of a hurried start. The Bus Rapid Transit (BRT) company declared financial distress last week, leaving taxi drivers who became shareholders in the company uncertain about their situation.
In 2023, PioTrans encountered financial difficulties, and in October, one of its creditors issued a threat to seize 25 of its buses. The National Taxi Association (NTA) noted that complaints about mismanagement and maladministration had been raised long before the company entered business rescue.
“The main issue here was that there was no economic evaluation that was done by the taxi industry, and the municipalities got people to do things haphazardly in preparation for the Soccer World Cup in 2010,” said spokesperson Theo Malele
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