JOHANNESBURG – Rea Vaya bus operator PioTrans has confirmed to Eyewitness News that the company has been placed under business rescue. One of its creditors attempted to seize part of the fleet due to outstanding debt earlier this year. The creditor subsequently approached the high court in Johannesburg following alleged maladministration. The court agreed that PioTrans be placed under business rescue. With many commuters expected to return to using the bus rapid transit to get to and from work after the holiday, business rescue practitioner Mahier Tayob said PioTrans was aware of this and would ensure bus operations continued uninterrupted. READ: Rea Vaya resumes services after suspension due to driver dispute The company has been operating one of Johannesburg’s biggest…
