Cosatu not benefiting from e-tolls

A company in which Cosatu’s investment arm Kopano Ke Matla had a stake in was not involved in the implementation of e-tolls, the trade union federation said on Wednesday.

Raubex, the firm in which Kopano Ke Matla has a three percent stake, was involved in the construction of roads that were later e-tolled, and not at all in the implementation of e-tolls themselves,” the Congress of SA Trade Unions (Cosatu) national spokesman Patrick Craven said in a statement.

This followed a report in The Times newspaper earlier that Cosatu was “embarrassed” when it was revealed that Kopano Ke Matla had a stake in a company that was benefiting from the e-tolling of roads.

Last month, it was reported that Raubex won a tender to build the R21, which formed part of the Gauteng Freeway Improvement Project.

Raubex received R800 million for the project.

Kopano Ke Matla would have received R24 million as a result of its three percent share, according to the report.

Related articles

E-toll case heading to Constitutional Court

Sanral e-tolling mess shows customers must pay: Eskom

E-toll saga: ANC taking suggestions on resolution

SANRAL default “is not an option”

Must Read

Partner Content

Show comments

Trending Now

Follow Us

Cosatu not benefiting from e-tolls