Eye Witness News
*Cosatu man resigns from top post over R21 rebuild* *Rahima Essop, Eye Witness News, Johannesburg, 4 April 2012 *Collin Matjila, the chairperson of construction company Raubex and the chief execuive of the Congress of South African Trade Unions' (Cosatu) investment arm, resigned from Raubex on Tuesday because of a perceived conflict of interest, the firm said.
Matjila tendered his resignation after it emerged that Cosatu's Kopano Ke Matla owned shares in Raubex, a company involved in the Gauteng Freeway Improvement Project (GFIP).
In a notice to shareholders Raubex said that Matjila thought it appropriate to stand down to prevent any perceived conflict of interest.
The board plans to appoint a new chairperson at a meeting in Centurion in May.
Raubex won a tender to build the R21 as part of the GFIP. Motorists will have to pay toll fees to pay for construction.Cosatu has been at the forefront of opposition against the implementation of tolling.
This week General-Secretary Zwelinzima Vavi said the trade union federation did not know the e-Toll system would fund the road construction project.
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