BBC – A Badly Broken Company not a Bus Company
This speech was delivered by Cllr Malcolm Maifala (DA Ward Councillor in Ekurhuleni) in an ordinary Council meeting held on Thursday, the 29th of January 2020 on the item to report to Council on the Brakpan Bus Company unaudited Financial and Performance Results of the mid-year of the 2019/2020 financial year as required by section 52(d) of the Municipal Finance Management Act.
Thank you, Madam Speaker,
When one looks at the Brakpan Bus Company’s (BBC) performance, it is clear that this entity is in a critical and very unstable state, and if we do not take drastic action as the City of Ekurhuleni (CoE), we will be flushing down millions of Rands and further wasting ratepayers’ money.
Every Rand that goes into the BBC is purely wasteful expenditure and money this metro cannot afford to continue losing. We honestly need to start questioning the efficiency of the BBC and the value it adds to the CoE.
At the bare minimum, one would expect the BBC fulfil its mandate and be productive in its core business. However, the entity fails to even conduct its core business. Over a period of six months, it is unacceptable that this company is a little over R12 Million below its income budget target. While during the same period, it is spending more than its income.
Madam Speaker, as the CoE, we should be concerned by the failure of this entity to conduct its core business. Why do we even insist on keeping this entity on permanent life support?
This poor performance by the entity is clear testament of the ANC government’s poor leadership. Instead of taking action, the leadership would rather hide its head in the sand and hope for a miracle.
This is not time to hope and pray for miracles, Madam Speaker. It is time for decisive action and the Democratic Alliance (DA) in Ekurhuleni calls on Mayor Masina to take bold steps to ensure that the BBC stops bleeding millions.
We demand that the Executive Mayor, Cllr. MzwandileMasina, urgently account to the residents of Ekurhuleni and take the necessary steps to stop the gross waste of money on an entity that is clearly not financially viable.
I, thank you.