PRASA could lose R700 million due to lock down

SAfm — The Passenger Rail Agency of South Africa or Prasa has reported an estimated total revenue loss of over seven-hundred-and-fifty-million-rand for the year as a result of the national lockdown. Prasa has indicated that almost two-hundred-million-rand in revenue was lost in one month from April to May 2020. Prasa's Administrator Bongisizwe Mpondo was presenting the company's financial statement in a virtual media briefing.