Gautrain Media release on Murray and Roberts Holdings shareholding

Published on Aug 23, 2017

23 August 2017

 

 For immediate release

 

It is with concern that the Gauteng Provincial Government notes media reports stating that Murray and Roberts Holdings acquired a 50% shareholding in Gautrain.

The Gautrain Management Agency further notes that the Gauteng Provincial Government has not received a formal notice of any change in shareholding in BCC.  The Province has thus not had an opportunity to review the transaction as it is entitled to under the Concession Agreement and its approval of the change in shareholding may be required. Any such media reports based on the Murray and Roberts announcement is thus premature.

Gauteng MEC for Transport and Roads, Dr Ismail Vadi states: “this serves to confirm that ownership of the entire Gautrain System is vested in the Gautrain Management Agency, a Gauteng Provincial Public Entity”.

 

End.

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Issued by:     MEC for Roads and Transport, Dr Ismail Vadi

Contact:       Dr Barbara Jensen, Senior Executive Manager: Communication and Marketing

barbaraj@gautrain.co.za 

 

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