Meet the guy behind e-tolls

[marine1]

Sorry but I would be shamed to be working for them.

 

[RichardG]

ETC employs 1 500 people, virtually all South Africans and it sub-contracts another 500

After paying them, donate the rest of money towards charity!

Luxury tax! I cannot wait to spend a day in prison

 

[RyanPCMR]

Shame...put the failure of e-tolls on the shoulders of this one man for now. Elections are coming soon, then you can show the ruling party your dismay. Most South Africans are always just big talkers...you know what you need to do.

 

[Jola]

The sheeple will vote ANC !

 

[Rubberpigg]

 

[Jola]

So that's the guy who couldn't do the sums correctly ?

 

[marine1]

Dont want to get banned so will keep my mouth shut.

 

[j4ck455]

19 February 2014 07:21

Somewhat vintage.

 

[kianm]

Surk on this Surkonts

www(dot)bloomberg(dot)com/news/2014-02-26/kapsch-trafficcom-falls-on-south-africa-toll-maintenance-costs.html

this thing is bound to fail

 

[grim]

Yeah, Scumral I'll see you in court.

Convict me and the other 500,000+(According to their rather optimistic numbers) road users that don't pay in a court and we'll have a chat again about the "Copy Invoice" you send me monthly

.!.

 

[Gatecrasher]

Resign mate, and go get a job you can be proud of.

 

[The_Unbeliever]

www(dot)bloomberg(dot)com/news/2014-02-26/kapsch-trafficcom-falls-on-south-africa-toll-maintenance-costs.html

this thing is bound to fail

let's hope it falls even further.

 

[biometrics]

Surk on this Surkonts

www(dot)bloomberg(dot)com/news/2014-02-26/kapsch-trafficcom-falls-on-south-africa-toll-maintenance-costs.html

this thing is bound to fail

Url fixed: http://www.bloomberg.com/news/2014-...s-on-south-africa-toll-maintenance-costs.html

Kapsch TrafficCom Falls on South Africa Toll Maintenance Costs

By Alexander Weber

February 26, 2014 11:02 AM EST

Kapsch TrafficCom AG (KTCG), the Austrian maker of toll-road systems, fell the most in a month as an 8.5 million-euro ($11.6 million) writedown on a project in South Africa hurt third-quarter earnings.

The shares declined as much as 5.9 percent, the most in intraday trading since Jan. 23, and were 4.4 percent lower at 43.70 euros as of 4:41 p.m. in Vienna. The net loss including minority interests was 0.6 million euros in the three months through December, compared with a profit of 1.2 million euros in the same period a year earlier, according to its quarterly report.

Kapsch TrafficCom took a writedown on part of compensation it was due to receive from the South African National Road Agency SOC Ltd. to maintain electronic road tolls around Johannesburg and Pretoria before they began operating last year, according to spokeswoman Katharina Riedl. “Unresolved issues in this regard noticeably weighed down the third-quarter earnings,” Chief Executive Officer Georg Kapsch said in the statement.

The e-toll system in Gauteng province was delayed for more than two years due to opposition from road users and trade unions, and remains unpopular among residents ahead of presidential elections on May 7.

After the compensation settlement was agreed upon, Kapsch had to write down 8.5 million euros, according to spokeswoman Katharina Riedl. South African National Road Agency, known as Sanral, didn’t immediately respond to e-mailed questions seeking comment.

 

[crackersa]

I feel for the guy though.... he didn't make the E-toll.. its just his job to maintain it.

i don't, hitler's generals where just as guilty as hitler.

i wouldn't be surprised that he doesn't have to pay tolls.

 

[Petec]

There is now another one - Star Motoring - asking to have a look at their screens to see how many tagged vehicles are passing under the gantries. And what do you expect? They were also refused.

So, you now have an independent entity wanting to view the screens, for the sake of transparency, to SUPPORT the scamrail statements that a bajillion motorists have registered for tags and that a Zazillion tagged motorists go under their gantries every day.

And they are refused access?

If they are wanting to hide this info, then who do we believe? scamrail or Outa.

 

[goselito]

He says the trends are positive: 30 000 to 45 000 road users register e-tags per week and as they do, more pay within the grace period of seven days.

They must talk to each other. Acording to vusi this is the amount of registrations per day, so which is it now? It is much harder to keep a lie alive than the truth.

 

[j4ck455]

i don't, hitler's generals where just as guilty as hitler.

i wouldn't be surprised that he doesn't have to pay tolls.

+1

He has been there for 8 years and he took over the reigns late last year and is the current CEO, which means he is the guy that has been spamming people with threatening SMS and email messages.

The article's headline should have been "Meet the guy responsible for all the threatening etrolling spamming".

Surkont is “slightly dismayed” at the ferocity of resistance to e-tolls and admits it affects staff even at a very senior level.

May your dismay only increase to the point where you all (ETC+SCAMRAL) get together and have a group crying session (or more of them if it has already happened).

 

[Wasabee!]

Shame...put the failure of e-tolls on the shoulders of this one man for now. Elections are coming soon, then you can show the ruling party your dismay. Most South Africans are always just big talkers...you know what you need to do.

+1

Vote DA. These idiots aren't getting anything from me.

 

[mike6870]

View attachment etag pooh 4 email.docx

 

[plugger123]

It would be really awesome if the whole thing collapsed. It would make SA jump for joy!