5 ways to spend your e-toll windfall

[rpm]

5 ways to spend your e-toll windfall

BusinessTech looks at 5 ways commuters can spend their money thanks to an interdict on SANRAL's e-toll plans originally scheduled to kick in today. more

 

[Diesal]

I had a good laugh here:

"For R550.00 you can get about 23 Telkom (TKG) shares, securing your 0,000004% stake in the encumbent’s 520 million outstanding shares. In just 250,000 years, you can push your stake up to 1%."

Not too mention, they might not last that long at the rate the are going at now, lol.

 

[j4ck455]

I doubt most people have budgeted to set aside R550 per month for etolling, for many this additional R550 simply doesn't exist in their bank account.

For R550.00 you can get about 23 Telkom (TKG) shares, securing your 0,000004% stake in the encumbent’s 520 million outstanding shares. In just 250,000 years, you can push your stake up to 1%.

The recent reports that the partnership deal between Telkom and Korea’s KT Corp is making progress, may mean there might even be a return on that investment, should things push through, and the market reacts positively.

What will happen to the share price if PIC liquidates its Telkom shares to offset the government pension money that PIC and Pravin Gordhan embezzled in SANRAL?

 

[mike156]

for many this additional R550 simply doesn't exist in their bank account.

That is absolutely true!

 

[Sinbad]

Can I suggest that if you can spare it, you consider donating a portion of it to OUTA once they begin the next phase of the legal battle? I am going to do this.

 

[twicode]

You forgot the petrol price is just going up and up. You'd save more finding a job close to your home and walking to work.

 

[j4ck455]

Can I suggest that if you can spare it, you consider donating a portion of it to OUTA once they begin the next phase of the legal battle? I am going to do this.

Be careful with that, hold onto your money for now:

http://www.iol.co.za/business/business-news/e-tolls-legal-bill-you-ll-pay-1.1285946

Meanwhile, as the alliance celebrated its victory, [highlight]criminals jumped on people’s support for the alliance to scam them. Twitter was abuzz on Sunday with people who said they had been asked to donate money to the alliance’s forthcoming legal battle.[/highlight]

Howard Dembovsky, from the Justice Project SA, said one man told him he had received an e-mail asking him to donate R15 in an sms to the alliance for its legal fees.

“He sent the money,” said Dembovsky. “Unfortunately, we live in a country with a lot of opportunists.”

[highlight]Duvenage said: “We will be launching a campaign to raise money for the court case, but not yet. We will launch this on our website and through the media. Until then, people must please be careful.”[/highlight] - The Star

 

[Sinbad]

Be careful with that, hold onto your money for now:

http://www.iol.co.za/business/business-news/e-tolls-legal-bill-you-ll-pay-1.1285946

Of course... But I was listening to Wayne on the radio this morning and there will be some need for fundraising. Of course wait for the official fundraising drive...

 

[j4ck455]

Of course... But I was listening to Wayne on the radio this morning and there will be some need for fundraising. Of course wait for the official fundraising drive...

According to that IOL article, OUTA's legal bill for the last few days in court is already R2 million (I'm not entirely clear on whether that includes weeks of pre-court preparation as well) which is all the money that OUTA had in its kitty.

When the time comes, I too will be donating money towards OUTA's future legal expenses.

The same article estimates the amount of money that the state (DoT, SANRAL, National Treasury, etc) have already spent just last week in court and the preparation leading up to the court interdict hearing.

While I would prefer to have the corruption surrounding etolling exposed, it would be better for everyone if government just announced that etolling is permanently scrapped and that SANRAL's R200m per month debt repayment will be covered by Treasury until an alternative funding model is implemented.

 

[LazyLion]

I'm donating it towards OUTA as soon as they release the official Bank Deposit Details!

 

[lotus123]

Can I suggest that if you can spare it, you consider donating a portion of it to OUTA once they begin the next phase of the legal battle? I am going to do this.

I'm donating it towards OUTA as soon as they release the official Bank Deposit Details!

I hope everybody follows your lead (although sadly we forget our good intentions so quickly).

If everybody affected by tolling on their journey between work and home just donated 1 day's worth of the toll fees that they would have paid - what a win that would be for the OUTA war chest!

 

[Sinbad]

While I would prefer to have the corruption surrounding etolling exposed, it would be better for everyone if government just announced that etolling is permanently scrapped and that SANRAL's R200m per month debt repayment will be covered by Treasury until an alternative funding model is implemented.

I'm sure the 5bn that Pravin allocated could be used for this unless it's already been misappropriated.