Pretoria – The Passenger Rail Agency of South Africa (Prasa) has received an unqualified audit opinion from the Auditor General for the financial year of 2015/16.
Prasa said it has reduced its deficit from R1053.2 million to R312.4 million.
“The Auditor General of South Africa (AGSA) has also audited our performance information and found it to be useful and reliable as well as presented in accordance to the National Treasury annual reporting principles.
“The Auditor General found that the performance was consistent with the planned objectives on both usefulness and reliability,” Prasa said.
In this financial year, Prasa will implement key initiatives to improve both its financial and operational performance. Some of the key initiatives include the improvement of Prasa’s rail services.
Prasa is expected to release its turnaround strategy by the end of October 2016.
The turnaround strategy will address the reduction in operational costs, improving revenue, and aligning Prasa to effectively deliver on its primary and secondary mandate.
“We therefore call on all our stakeholders, in the main, our commuters, to work with us as we finalise this strategy in order to ensure that we deliver a dignified rail services to all our people,” Prasa said.