Gauteng’s New Tolls: 85% Goes To The Austrians

Eighty-five cents out of every R1 profit made from construction and operation of Gauteng’s controversial open road tolling system could land up in the pockets of an Austrian traffic conglomerate.

In 1938, Austrian freedom hater, Adolph Hitler, marched into Austria to rapturous applause. The Austrians were fine with this. After all, he was Austrian, they were Austrian – it sort of made sense. But then he tried the same trick in 1939 in Poland, and the reception was icier.

I feel kind of icy towards the possibility that out of every Rand made from the new open road tolling system in Gauteng; 85 cents ZAR could wind up in the hands of a bunch of Austrians.

According to City Press:

Kapsch TrafficCom, the Vienna-based company, effectively owns 85% of Electronic Toll Collections (ETC), a local joint venture company that was awarded the R6.2bn tender to design, build and operate Gauteng’s new e-tolling system; and

The black economic empowerment (BEE) stake in the project diminished by more than 50% after the tender was awarded to ETC.

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