South African toll roads operated at a net loss of R529 million

[Jan]

South African toll roads make R529 million loss

The South African National Roads Agency Limited (Sanral) reported that between 1 April 2020 and 31 March 2021, toll roads in South Africa made a R529 million loss.

Revenues from its Gauteng Freeway Improvement Project (GFIP), better known as E-tolls, also declined by 31.5% during South Africa's first two waves of the Covid–19 pandemic.

 

[WizardOfAges]

All that lost money is taking its toll

 

[Herr der Verboten]

If I had to add all the taxes I pay on a daily/weekly/monthly basis and compare that amount to "anc returns" on investment I would probably also make a "R529 million loss"

 

[PaulMurkin]

Ag sjem ne

 

[LCBXX]

What questions did you ask of SANRAL, @Jan, before publishing the article?

 

[HartsockZA]

Still not enough to break down the entire system.

 

[RonSwanson]

“Cabinet has yet to decide on the matter and we await direction in this regard.”

How many years have you been waiting for government now?

 

[Jefferson D'Arcy]

It would appear that 75% of threads on here link directly to malfeasance of ANC cadres.

Yet you get the braindead who run interference for the regime.

 

[Mista_Mobsta]

I would honestly not mind paying E-Tolls if we are certain that the entire system isn't lining the pockets of the politically connected (here's looking at YOU Kapsch!) and if SANRAL would open their books to public scrutiny regarding the tender processes used to upgrade the freeways.

People are voting with their wallets, just like with TV licenses, and it's working...debt is piling and bailouts will be needed.

 

[supersunbird]

What they need to do is state toll roads (excl GFIP) separately from GFIP.

 

[Jet-Fighter7700]

bailouts will be needed.

what else?, somebody has to pay for the ANC shenanigans, and corruption.
I guess it has to be people who earn a living and pay taxes, not unlike the millions of freeloaders, who get paid in cash and don't pay their own way.

 

[Jet-Fighter7700]

What they need to do is state toll roads (excl GFIP) separately from GFIP.

but how will they beg for money then, if the number is bigger they will be able to beg better for it.

if its all broken down and accurate, then why would Government pay?

 

[system32]

“Road users’ ongoing refusal to pay e-toll fees on the GFIP continues to have a negative financial impact on SANRAL,” Macozoma stated.

People refuse to pay for a system that is unfair:



SANRAL want's 34% of their revenue to come from 1% of roads under management.

 

[djlilalrsa]

Um. If they living off government grants, WE ARE PAYING FOR IT ALREADY!!

 

[Johnatan56]

People refuse to pay for a system that is unfair:

View attachment 1164610

SANRAL want's 34% of their revenue to come from 1% of roads under management.

Only issue I have with that is also would need to know how much use every road gets since more use means more repair.

Not disagreeing at all that E-tolls was a giant get rich quick scheme by the stakeholders/ANC, it should never have existed in the first place as a road in the middle of the city should obviously be paid via the fuel levy, it's not a "special" (as in e.g. only long distance for those doing vacation or goods transit like Johannesburg to Durban or something, and even then I'd argue road levies are more than high enough) road.

 

[Swa]

Well what do you expect when you tell people they can't drive around or even visit friends and family.

 

[wingnut771]

Lets talk about the elephant in the room. SANRAL should not exist in the first place!

 

[grok]

Lets talk about the elephant in the room. SANRAL should not exist in the first place!

How else the cadres gonna steal all that delicious WMC the NP left us?

 

[Oldfut]

The Shaik Bros and fellow ANC travellers thank you for your contributions.

 

[Grubscrew]

Only R529million,

This is South Africa, that is rookie numbers, need to pump those up. Amateurs.