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Rea Vaya board dissolved amid business rescue process

# The board of Johannesburg’s Rea Vaya bus service has been dissolved as the company undergoes a business rescue process. Rescue practitioner Mahier Tayob took control of the operator PioTrans, citing fraud, maladministration, mismanagement of company assets and poor governance as factors that brought the company to its knees. Tayob now aims to negotiate with unions and drivers to ensure ongoing operations while investigating the root causes of the company’s financial troubles.