New Prasa chief’s big fix spurred by a ‘sense of injustice’
Since Bongisizwe Mpondo ticks the right boxes for the job, prospects of success finally look better
As its administrator, Bongisizwe Mpondo is both the CEO and the board of the Passenger Rail Agency of SA (Prasa).
It’s a different model for a turnaround of a state-owned company for which boards and interim boards have been appointed and charged with the turnaround. Directors, who are part-time with an oversight role, bound by rules and governance protocols and who frequently lack professional knowledge of the area, have struggled to make quick progress.
Prasa has had five turnaround plans since 2009. Now, with Mpondo, who has the right professional skills and a passion for transport and who will be full-time on the job for 12 months, the prospects of success look better...