Prasa to pump R172bn into turnaround strategy

The embattled agency says the entire railway service is set to undergo major change over the next 20 years.

Prasa’s Acting CEO Collins Letsoalo, centre, and executives during a media briefing in Cape Town. Picture: Twitter/‏@PRASA_Group.

CAPE TOWN - Passenger Rail Agency of South Africa(Prasa) management is set to inject R172 billion into its turnaround strategy in an attempt to revitalise operations at the embattled parastatal.

During an emergency press briefing yesterday, management queried media reports painting a picture of an organisation in disarray.

The agency's executives denied this, saying an overhaul is planned for the railway industry.

They have vowed the parastatal's turnaround strategy will be finalised and rolled out by the end of October.



They say over the next 20 years the entire railway service is set to undergo a metamorphosis.

Acting group Chief Executive Officer, Collins Letsoalo, says management is determined to make this happen.

"To improve our facilities and enhance the experience of the commuter - because that's what we should be fascinated with."



He also requested the public's support to curb vandalism of rail infrastructure.

In the Western Cape such incidents, including arson, have cost the operator more than R100 million since last year.