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Total MESS : Rea Vaya bus operator forced into business rescue

Worse still, hundreds of taxi drivers exchanged their vehicles for shares in the Rea Vaya bus operator. Things are about to get messy …

Rea Vaya operator PioTrans went into business rescue due to a rushed start – NTA

The Bus Rapid Transit (BRT) company declared financial distress last week, leaving taxi drivers who gave up their vehicles to be shareholders in the company in limbo.

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