Prasa revenue sees dramatic decline

CAPE TOWN - Prasa's revenue has dropped from R2.4-billion to just R120-million.

That's according to auditors who briefed Scopa on the rail company and SAA on Tuesday.

READ: AG appears before Scopa to address Prasa SAA concerns

Committee chair Songezo Zibi says urgent intervention is needed.

Infrastructure collapse has brought down Prasa's revenue.