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Iain Robertson
 
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Gigaba, Sanral and the arms deal - how they're connected

10 October 2017, 09:15

It is interesting how the same names come around again and again.

When SANRAL was floating the E_Toll system, the management structure was three layers of management, Kapsch in Austria, TMC and ETC. TMC was basically the old TMC that existed prior to the setting up of the Kapsch management structure. It was part owned by the former directors of TMC, Kapsch and a BEE component headed by Don Mkhwanazi. Over time his shareholding was quietly sold off to Kapsch Austria resulting in the present status of 66% of TMC owned by Kapsch, and the remainder by the family trusts of the three former directors.  

A rough calculation shows that of every R1 of profit generated by ETC and TMC, nearly 80c can go overseas. This on SANRAL’s own calculations equates to over R300 million a year being transferred from Gauteng motorists to Kapsch overseas.

A wee history lesson. Overseas expertise was provided to SANRAL by Kapsch Sweden, who used to be SAAB Aerospace. If you recall in 1999, SAAB Aerospace owned 50% of SANIP, the other 50% being owned by British Aerospace. SANIP was thought to be the conduit through which bribes to ensure the selection of the Gripen fighter were paid to politically connected individuals and organisations -all allegations of course.

But, the then SAAB Chairman admitted in 2011 that at least R20 million had been paid to Fanu Hlongwane, adviser to Joe Modise, head of the Bid Committee as part of the deal. Other estimates range as high as R200 million. Allegations, reality, take your choice.

So, circles within wheels within the same old faces as Don Mkhwanazi pop up again, this time in the company of Gigaba rather than Hlongwane.

This might all be fanciful nonsense, but then again it might not.

Disclaimer: All articles and letters published on MyNews24 have been independently written by members of News24's community. The views of users published on News24 are therefore their own and do not necessarily represent the views of News24. News24 editors also reserve the right to edit or delete any and all comments received.

 

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