Transporter dejected by Competition Authority�s embargo
Wednesday, January 18, 2017
Contract between 4MS and KBL was said to be coming to an end soon PIC: MORERI SEJAKGOMO
4MS finance director, Michael Stoneham yesterday told Mmegi Business that the decision by CA to block the deal poses major challenges for the cash-strapped company.
“Like we said before, we are in financial doldrums and we are looking to sell our assets since our business is no longer sustainable,” he said.
Whilst the project received mixed reactions from members of the public, the project is indeed a welcome development, which needs to be implemented as soon as possible. Many shared their opinion, with those against the project decrying that if implemented, it will kill the already struggling public transport industry.Many countries around the world have state-run public transport, and those who have travelled to such countries will give testimony...