Prasa to be handed back over R58m from firm

This comes after Prasa was on Tuesday awarded a rescission of a default judgment in the High Court in Pretoria meaning the judgment made against it earlier this year is no longer valid.

FILE: Prasa CEO Sibusiso Sithole and board chair Khanyisile Kweyama addressing the media following the organisation’s annual general meeting. Picture: Clement Manyathela/EWN

JOHANNESBURG – The Passenger Rail Agency of South Africa (Prasa) board chair Khanyisile says the R58 million which was attached by the Sheriff of the High Court as a result of a default judgement against it, will now be returned to the railway agency.

This comes after Prasa was on Tuesday awarded a rescission of a default judgment in the High Court in Pretoria meaning that the judgment made against it earlier this year is no longer valid.

Through the court order, Siyaya Consulting Engineers was initially able to attach millions from Prasa's bank account.

Now the rail agency will be handed back the money.

Kweyama says that Prasa is trying to turn its financial woes around.

“I’ve already informed the minister about the outcome and the minister is fully on-board, actually supported our appeal and instructed us very early when we started this that we’ve to go after this. I’m sure he will continue.”

(Edited by Leeto M Khoza)