The company made a loss of R260-million in 2017-18, but according to the national estimates of expenditure, released with this year’s main budget in February, Sanral could be headed for losses of R7.6-billion for 2018-19. As the South African National Roads Agency continues to struggle with the hole that unpaid e-tolls have left on its books, expectations are that the fiscus will have to fill the gap if Gauteng’s e-tolls are scrapped.
In its latest set of financials released last year, Sanral indicated that a series of steps taken by the treasury to tide it over financially would ensure that it could meet its obligations until July 2019. The treasury said it is in “constant contact” with the department of transport — Sanral’s shareholder — on the matter. The department of transport did not respond to requests for comment.
Belgique Dernières Nouvelles, Belgique Actualités
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