ROADS AGENCY
Audit shows resistance to e-tolls threatens Sanral’s viability
Auditor-general Kimi Makwetu says the e-tolls debacle presents a material uncertainty about Sanral’s ability to continue as a going concern
Debt related to noncompliance with Gauteng’s electronic tolling (e-tolling) system has risen to R3.61bn and continues to weigh on the finances of the South African National Roads Agency (Sanral), which also failed to comply with expenditure guidelines, according to auditor-general Kimi Makwetu. The roads agency’s 2016-17 annual report tabled in Parliament shows that pressure is mounting on Sanral to make good on collections of the tolls owed by Gauteng's more than 3-million motorists. To get this done, Sanral has been flooding defaulting motorists with SMS requests, asking them to settle their e-toll debt, the annual report shows. Makwetu said the e-tolls debacle presented a material uncertainty about Sanral’s ability to continue as a going concern. The entity’s cash requirements for the next 12 months relied on toll operations and it also raised funding through bond auctions, but there had been waning demand because of the e-toll uncertainties. "Irregular expenditure of R424.9m was...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.