Court ends Sanral toll plans in Cape
The city successfully argues the transport minister and Sanral failed to consider relevant information, such as the effects of tolling and affordability
A SUPREME Court of Appeal ruling on Thursday, which invalidated the South African National Roads Agency Limited’s (Sanral’s) plans to toll the N1 and N2 in the Western Cape, has added to the agency’s tolling woes.This is the latest blow for the agency, which has struggled to get drivers to comply with its e-tolls in Gauteng.Sanral, responsible for maintaining the national road network, was one of the parastatals placed on review for downgrade by ratings agency Moody’s, which raised concern about its funding challenges and ongoing cash flow pressure.Moody’s said Sanral still faced public opposition to the tolling system and had failed to get motorists to take up a 60% discount period on historic debt, raising only R76m a month in the 2015-16 financial year compared with R86m a month the year before. The agency needs to raise R260m a month from e-tolls for the system to be successful.Earlier in 2016, Sanral cancelled two bond auctions due to a lack of investor interest.However, the ag...
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