RCC attempts a comeback

The new board and management of the Roads Contractor Company (RCC) intend to turn the parastatal from a historic liability to a shareholder''s investment within the next three to five years.

Board chairman Fritz Jacobs says the RCC is not supposed to be a burden to the shareholder but rather a profitable, sustainable, responsible and dividend-paying national contractor.

To date, the RCC has not been a position to pay over any dividends to the government and its last finalised audited financial report was for the 2012/13 financial year.

The new board and management have, however, prepared audit reports for the subsequent years over the last 12 months, Jacobs says.