Cosatu not benefiting from e-tolls

2012-05-23 20:14
Johannesburg - 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 3% 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 national spokesperson 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 R800m for the project.

Kopano Ke Matla would have received R24m as a result of its 3% share, according to the report.
- SAPA
Read more on:    cosatu  |  tolls  |  transport
NEXT ON NEWS24X

SHARE:

Read News24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
18 comments
Add your comment
Comment 0 characters remaining

Inside News24

 
SPONSORED CONTENT
Keep your bike (and yourself) safe with these tips 2015-03-23 09:16

Whether you’re a newbie pedaller or a seasoned cyclist, knowing how to stay safe is the best way to enjoy your time on your bike.

/News
Horoscopes
Aquarius
Aquarius

You are very sensitive to the energies of the people around you. If you are in service you may find that you are able to really...read more

There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.




Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.