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KapschTrafficCom Still Struggling in South Africa

Published: July 25, 2013; 17:12 · (Vindobona)

The South African government cannot start the project since the state-controlled toll company is already in desperate straits. Further financial aids are not in sight.

KapschTrafficCom Still Struggling in South Africa / Picture: © Flickr

Listed toll specialist KapschTrafficCom has to count with further problems in South Africa. The repeated postponement of the initial opertion of the electronic toll system in the province of Gauteng has caused several quarterly losses in a row in the past business year of 2012/13 (as per the end of March). The project is supposed to provide annual revenues in the amount of € 50m. Now,…

This article includes a total of 306 words.

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