Posts tagged with 'Prasa'

 

Sars guns for former Prasa CEO who owes over R1.8m in unpaid taxes

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JOHANNESBURG – The South African Revenue Service (Sars) has obtained warrants of execution to seize the moveable assets of former Passenger Rail Agency of South Africa (Prasa) CEO Lucky Montana.

Montana confirmed this on Wednesday saying it was in connection with unpaid taxes of about R1.8 million. The debt related to the capital gains taxes he failed to pay when he bought two properties worth millions of rand.

The former Prasa boss was dismissed from the parastatal in 2015 following allegations of maladministration and corruption, which he denied.

Montana said the sheriff of the court ambushed him at his Saxonwold home on Wednesday with a warrant of execution. The taxman arrived to seize his moveable assets such as his cars and furniture, but nothing was taken away.

He admitted he owed Sars but claimed he was in negotiations to pay the tax agency by selling one of his properties.

He accused Sars of being vindictive and uneth
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Prasa may lose 13 unused locomotives worth R2.6 billion due to dispute over ownership

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The thirteen locomotives that are not suitable for driving on the South African rail network because the huge machines are too high will now become a dispute over whose property it is.

The 13 Afro-4000 locomotives are now in the balance and Prasa will have to fight to make them his property, informed sources said.
The extremely expensive locomotives generated prominence when it became known that they were too high to move on certain rail lines, for which they were purchased.

The amount of R2.6 billion is up for grabs and will probably have to decide in court who owns Prasa or Swifambo.

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Prasa head suddenly resigns after only 9 months and his resignation comes as a shock to the SA business sector

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The Chief Executive Officer of Passenger Rail Agency of SA (Prasa), suddenly handed over his resignation to the Board, and his resignation apparently means his immediate retirement.

Sibusiso Sithole’s resignation came just nine months after being appointed to the post, and the unexpected resignation raised many eyebrows in the business sector.

The Board of Directors confirmed that the resignation was received and accepted by the Board.

Sithole was appointed last year in place of Mthuthuzeli Swartz.

Photo – Sibusiso Sithole
Read the original article in Afrikaans on Die Vryburger
This report does not necessarily reflects the opinion of SA-news.

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