E-tolls collcetion firm no longer in SA hands
17 August 2016
Cape Town - The company collecting payments for the contentious e-toll system in Gauteng is now fully owned by the Austrian conglomerate Kapsch.
This was confirmed on Tuesday with the divestment of the only BEE partner in TMT Services and Supplies, which with Kapsch Trafficom made up the e-tolls collections company ETC.
This was also underlined in the latest financial report of Kapsch Trafficom for the year ending March 2015/16, which showed that Kapsch gained full control of Electronic Toll Collections (ETC) after acquiring three Cape Town-based firms TMT Services and Supplies, Berrydust 51 and Mobiserve.
Kapsch, through TMT, won the R6.2bn tender from the South African National Roads Agency (Sanral) for the design and operation of the e-toll system in Gauteng in 2010.