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The state-owned bus company Northwest Transport Investments, which transports more than a million people a day, is seeking a bailout of R350 million.

The transportation of hundreds of thousands of commuters mainly in the North West and Gauteng provinces and more than 1,600 jobs are at risk due to the financial distress of parastatal Northwest Transport Investments (NTI).

The 46-year-old company – which owns Northwest Star, the Star Line, and the Atteridgeville Bus Service – has applied to the North West government (its sole shareholder) for a bailout of more than R350 million, NTI chairman, Mojalefa Nale, confirmed to Business Insider SA. The company has outstanding debts of about equal to that amount.

In August, a high court judge placed the company into provisional liquidation, after an application from Driveshaft Baleka, which is a Pretoria-based company that rebuilds and manufacturers propeller shafts.

It was owed R890,000 b
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Taxpayers have forked out just under R1m for former president Jacob Zuma, his spouses and support staff’s transport and phone bills in the first nine months of his departure from office.

President Cyril Ramaphosa revealed in a response to a parliamentary question published on Thursday that the state paid R150,668.38 for Zuma’s flights between February 14, the day he left office, and November 30.

A further R837,444.41 was spent on flying expenses, as well as cellphone, accommodation and car rental expenses for Zuma, his spouses and two support staff members during the period.

Ramaphosa was responding to a written question by DA chief whip John Steenhuisen who wanted to know about the costs incurred by the state on Zuma’s trips and all related expenses for the former president.

Steenhuisen also wanted information about the purpose of each trip undertaken, to which Ramaphosa said: “Former president Zuma no longer hold
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State-owned bus company seeks R350 million bailout

So Zuma is living a lavish life on taxpayers’ hard-earned money! – Taxpayers have to fork out nearly R1m for Zuma’s air transport and cell phone account since he was removed from office as SA’s president