THE NTI APPOINTS NEW BRP
The North West Transport Investment (NTI) has appointed the new Business Rescue Practitioner (BRP).
The MEC for the North West Department of Community Safety and Transport Management, Wessels Morweng has in November 2024 guided that an application be made to the Gauteng Division, Pretoria of the High Court to remove the then BRP, Mr Thomas Hendrick Samons.
After suffering experiencing financial challenges, the NTI has in July 2022 applied for a voluntary business rescue process in July 2022. Mr Samons was then appointed as the Business Rescue Practitioner. His primary responsibility was to turn the entity around to make it more sustainable and generate income to pay creditors primary of whom are the employees.
To do this, the BRP was supposed to have developed a plan within twenty-five days of his appointment as stipulated by the Companies Act. The BRP has since failed to do all that including accounting for the money the Government has paid to the entity.
Following the department successful application to remove him at Gauteng High Court in Pretoria, the BRP then applied for a leave to appeal the High Court ruling. The Department then lodged a Section 18 of the Superior Court Act application seeking an implementation of the initial order for his removal.
The purpose of this Section 18 is to ensure that the Court ruling is enforced in spite of the BRP application for a leave to appeal. The judgement which was handed down electronically on the 27th of March 2025, enforced the initial ruling that removed the BRP from NTI.
It is following this judgement that the NTI has now appointed Mr Mahomed Mahier Tayob as the new BRP. This, as the entity still need to be rescued and be turner around to be profitable.
Mr Tayob is a senior business rescue practitioner with impressive qualification obtained in South Africa and the UK.
Among other entities, Mr Tayob has rescued include a state bus company in Gauteng and has also investigated 2.6 billion Rand investment scheme on behalf of the Hawks.
Mr Tayob will work closely with Dr Ntlhopeng Dikobe who has been seconded by the Department as the NTI acting CEO. He is expected to present a turnaround plan and report regularly to the Shareholder Representative and ensures the NTI is restored to profitability.
—ENDS—
ISSUED BY THE DEPARTMENT OF COMMUNITY SAFETY AND TRANSPORT MANAGEMENT
