Board of Rea Vaya bus operator, Piotrans dissolved following business rescue intervention

The board of Rea Vaya bus operator Piotrans, has been dissolved after the operator was placed under business rescue.  Business rescue practitioner, Mahier Tayob, told Update at Noon yesterday that anyone found to have broken the law at Rea Vaya will be held accountable. The company is facing financial difficulties due to fraud, maladministration, mismanagement of assets, poor governance, lack of expertise, and disagreements between shareholders, including taxi owners. Elvis Presslin spoke to City of Johannesburg Transport MMC, Kenny Kunene.