"We are now at the point where most of SA’s railway network is likely to be written off " - David Williams on PRASA

Loading player...
Former deputy editor of the Financial Mail, David Williams, wrote a fascinating report for the Brenthurst Foundation in which he unpacked the mess at the Passenger Rail Agency of South Africa (PRASA). In the report – 'Why there are so many trucks on the road and so few trains on the tracks' – Williams discussed some of the necessary steps that must be taken to restore a once safe and efficient rail system. Williams spoke to BizNews founder Alec Hogg about the critical situation at PRASA and what he reckons the government should do to revive the problematic public entity. Learn more about your ad choices. Visit megaphone.fm/adchoices
29 Nov 2021 8AM English South Africa Investing · Business News

Other recent episodes

SA's Competition Commission has become a handbrake on the economy: Rob Rose

Bryan Brownrigg was never a currency trader. He sold foreign exchange to Standard Bank's institutional clients for 23 years. But when the Competition Commission decided that 28 banks had run a single conspiracy to rig the rand, his name went into the complaint anyway, and it took a decade and…
11 Sep 7AM 20 min

He built a $1.5bn bank. Now Revolut, Discovery Bank and PEP are circling

In this interview with Irakli Rekhviashvili, Tyme Group co-founder Coenraad Jonker gives his take on what actually protects a digital bank once the competition catches up, and why he thinks the old rules of banking no longer apply. On competitive advantage, he says: "I'm saying to my guys increasingly, I…
11 Sep 7AM 50 min