Moody’s sees better outlook for Sanral due to state support
Moody’s Investors Service has changed the outlook for the SA National Roads Agency to ‘stable’ from ‘negative’
Moody’s Investors Service said on Friday that it has changed the outlook for the SA National Roads Agency (Sanral) to “stable” from “negative”, thanks to the government’s plan to provide it with more financial support.
Sanral’s e-tolling project has largely been a failure due to low levels of compliance from Gauteng motorists. As a result, the cash-strapped agency has had to shelve several projects due to a lack of available funds, and this has placed additional pressure on the country’s ailing construction firms...