Still not paying for this abomination ..
Yep, but they'll try nevertheless.
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Still not paying for this abomination ..
Part of a PR release found at MGThe South African National Roads Agency (SANRAL) has welcomed the announcement by Moody's Investor Services to change its rating outlook from negative to stable.
"This upgrade highlights the significant progress that has been made in restoring investor confidence.
"It is particularly welcome that Moody's has singled out the success of good e-toll collections related to the Gauteng Freeway Improvement Project as a key factor in their decision," said Nazir Alli, CEO of SANRAL.
Moody's has also affirmed the issuer ratings of the Agency of Baa3/P-3 (global scale, local- and foreign-currency) and A3.za/P-2.za (South African national scale).
The rating affirmation and outlook change is as a result of increased revenue due to e-toll collections – which increased SANRAL's total toll revenue from ZAR2.1 billion at FYE2013 to ZAR3.4 billion for the financial year ended 31 March 2014 (FYE2014). Moody´s has stated it expects toll revenues to grow to ZAR4.1 billion by FYE2015, of which ZAR1.8 billion was solely from GFIP.
This growth in revenue would enable SANRAL to continue executing its mandate given by government: to develop, finance and manage the national road infrastructure in South Africa.
I'm confused... there seems to be a disconnect between how bad we think things are going for SANRAL and how bad things actually are going for them (or rather their perception of it).
Let's look at the most glaring example:
* SANRAL has collected less than a 10th of more than R500-million in overdue e-toll charges from motorists.
but still
* SANRAL CFO: From a financial point of view the Gauteng e-toll system is performing marginally above expectations.
* SANRAL CEO: ... success of good e-toll collections related to the Gauteng Freeway Improvement Project ...
Am I clearly misunderstanding the numbers or is SANRAL surviving quite easily and just not making the huge profits they hoped to out of the GFIP?
This "review" is smoke and mirrors. Political posturing, trying to create the appearance of caring about the people. My prediction is that nothing will change, and it will simply escalate. Probably more fear tactics to come.
Anyone know if there is any truth to the "gantry cameras won't pick up your plate if you're straddling a lane line, between lanes" rumour?
Sure, there will be a bit of that happening. I just wish I knew what the end game of potential escalation is...
Anyone know if there is any truth to the "gantry cameras won't pick up your plate if you're straddling a lane line, between lanes" rumour?
And driving right up behind a truck? I'm unsure if the cameras face both ways.
Sure, there will be a bit of that happening. I just wish I knew what the end game of potential escalation is...
Anyone know if there is any truth to the "gantry cameras won't pick up your plate if you're straddling a lane line, between lanes" rumour?
I'm confused... there seems to be a disconnect between how bad we think things are going for SANRAL and how bad things actually are going for them (or rather their perception of it).
I can confirm that it's BS. I finally received my first invoice and I was pictured right in the middle of the lanes.
National Poephol Authority (Nathi Mncube) said:It’s nothing new, we have been prosecuting people who don’t pay tolls for years