LazyLion
King of de Jungle
This is the kind of info that supporters of etrolling need to understand
If only they had the mental capacity to understand words and sentences....
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This is the kind of info that supporters of etrolling need to understand
You only need one guess to know the project that will gives them the biggest profit.The company doesn’t disclose margins for individual projects, Chief Executive Officer Georg Kapsch said at the press conference.
If only they had the mental capacity to understand words and sentences....
This is the kind of info that supporters of etrolling need to understand
Kapsch are the people who are profiting from eTolling - and this is how much:
http://www.bloomberg.com/news/2013-...n-toll-road-revenue-boost-coming-in-july.html
I thought the ANC were the only benef... err, supporters of etolling?
They were the short-term beneficiaries. IE - they received the bribes from Kapsch et al to get this contract in place.
can we get this merged into the e-tolling thread?
Not everyone may know who Kapsch is and might not read this thread based on its title
So everybody wins ...except the people paying the etariffs, people buying food, people that use any product/service that uses the toll roads
yeah, I'd like to see saksak's view on this
My view is simple. I am not against this because I have always known about it and have never objected to it. It makes no sense to be against urban tolling simply because some profits will go to the people responsible for the tech. A huge chunk of the hundreds of billion that Eskom is spending has already gone to the people reponsible for the tech who are in Japan, nobody is complaining. You people should come clean by admitting that you are against e-tolls for two reasons:
1.) You don't want to pay extra R50 - R350 per month hence the call for fuel levy increase in hope of spreading this to the whole population thus decreasing the burden on you.
2.) You don't mind paying but you are just against it as a silly way to protest against the government.
My view is simple. I am not against this because I have always known about it and have never objected to it. It makes no sense to be against urban tolling simply because some profits will go to the people responsible for the tech. A huge chunk of the hundreds of billion that Eskom is spending has already gone to the people reponsible for the tech who are in Japan, nobody is complaining. You people should come clean by admitting that you are against e-tolls for two reasons:
1.) You don't want to pay extra R50 - R350 per month hence the call for fuel levy increase in hope of spreading this to the whole population thus decreasing the burden on you.
2.) You don't mind paying but you are just against it as a silly way to protest against the government.
In response to the following article: http://bloom.bg/14utrge
E-tolling opponents OUTA have reacted with shock to Austrian e-tolling company KapschTraffiCom’s announcement of additional annual revenue of €50 million (approximately R670 million) from Gauteng’s e-tolling system. “This is money that is being extracted directly from the pockets of hard-pressed citizens to improve the profits and wealth of overseas business,” said OUTA chairman, Wayne Duvenage. “The figure Kapsch mentions is around 45% of the annual running costs for the e-tolling system quoted by SANRAL and the South African Treasury,which depicts sizable profits for an off-shore company paid for by the Gauteng road user.” he added.
Figures in OUTA’s possession indicate that the e-tolling system will collect total revenue of between R3 and R3.5 billion a year. Of this amount, approximately R1.5 billion a year will be spent on the actual process of collecting tolls, managed by KapschTraffiCom. This high percentage (45%) of the cost to simply pay for the collection process is one of the key factors behind OUTA’s opposition to the irrationality of the e-tolling system. “Every Rand we send overseas to Kapsch is one Rand less which is available for infrastructure development,” Duvenage said. “And it is also one Rand less in disposable income for the citizens who have to pay.” He said that the scale of Kapsch’s earnings left no doubt about the reasons for the high costs involved, making this the most expensive tolling system in the world. “SANRAL talks about improving the lives of the poor through e-tolling; how does sending over half a billion rand per annum into the coffers of an off-shore company improve the lives of the poor or be in the best interest of the South African citizen? It simply doesn’t,” he said.
Duvenage reminded the public that South Africa was one of the most unequal countries in the world in terms of income distribution and that imposing unnecessary costs on road users would only worsen matters. “Who could believe SANRAL’s claims that e-tolling is beneficial to South Africans when the only proven financial benefit to date is to Kapsch?” he asked. “Kapsch’s bold trumpeting of their revenue figures has unmasked e-tolling as a government-assisted profits for aforeign based entity,” he commented. “If roadbuilding was funded from taxation, the gross waste of half a billion Rand per year on a private overseas company’s services could be averted,”he continued. “In light of this new revelation, OUTA believes it is essential for the Public Protector, or possibly even a judicial commission of enquiry, to deeply probe the e-tolling deal. South Africa’s citizens deserve to know why government has committed itself to outsourcing infrastructure funding to the private sector despite the vast wasted costs of doing so,” he concluded.
My view is simple. I am not against this because I have always known about it and have never objected to it. It makes no sense to be against urban tolling simply because some profits will go to the people responsible for the tech. A huge chunk of the hundreds of billion that Eskom is spending has already gone to the people reponsible for the tech who are in Japan, nobody is complaining. You people should come clean by admitting that you are against e-tolls for two reasons:
1.) You don't want to pay extra R50 - R350 per month hence the call for fuel levy increase in hope of spreading this to the whole population thus decreasing the burden on you.
2.) You don't mind paying but you are just against it as a silly way to protest against the government.
:erm: no, my reasons are similar to Sinbad
plus SCAMRAL have been disingenuous all along, they have not been transparent and have refused to disclose contracts and beneficiaries, there is also evidence of corruption in the whole deal
My view is simple. I am not against this because I have always known about it and have never objected to it. It makes no sense to be against urban tolling simply because some profits will go to the people responsible for the tech. A huge chunk of the hundreds of billion that Eskom is spending has already gone to the people reponsible for the tech who are in Japan, nobody is complaining. You people should come clean by admitting that you are against e-tolls for two reasons:
1.) You don't want to pay extra R50 - R350 per month hence the call for fuel levy increase in hope of spreading this to the whole population thus decreasing the burden on you.
2.) You don't mind paying but you are just against it as a silly way to protest against the government.
"Sanral talks about improving the lives of the poor through e-tolling. How does sending over half-a-billion rand per annum into the coffers of an offshore company improve the lives of the poor or be in the best interest of the South African citizen?" he asked.
Date : 12 Jun 2013 14:49