SANRAL DECISION
Tito Mboweni warns axing e-toll debt erodes the budget
Finance minister Tito Mboweni has called on the embattled SA National Roads Agency (Sanral) to reverse its decision not to pursue e-toll debt, saying it will have implications for the fiscus. Speaking at a media briefing on Thursday, Mboweni said he was "unhappy" with the decision. "They should never have taken that decision," he told journalists in Pretoria. "It is not helpful in the bond market, [and] it is undermining what we have said in the budget that we support the user must pay principle. "They must reverse that decision immediately otherwise it has implications for the bond market, it has implications for the fiscus, it has implications for their own credit rating and the credit rating of the country." Moody’s Investors Service is expected to make its pronouncement on SA’s credit ratings on Friday. Moody’s is the last of the three ratings agencies that has SA above subinvestment grade. Earlier in 2019, Moody's said SA had started the year on a stable outlook. Sanral’s e-tol...
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