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Cosatu says it’s not benefiting from e-tolls

A company in which Cosatu’s investment arm Kopano Ke Matla had a stake was not involved in the implementation of e-tolls, says the trade union federation. “Raubex, the firm in which Kopano Ke Matla has a 3 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,” Cosatu national spokesman Patrick Craven said in a statement yesterday. This followed a report in The Times newspaper earlier which said that Cosatu had been “embarrassed” when it was revealed that Kopano Ke Matla had a stake in a company that was benefiting from the e-tolling of roads, which the union federation has publicly campaigned against.

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 R24m as a result of its three percent share, according to the report.

Source: iol.co.za
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