The finance minister calls on the embattled Sanral to reverse its decision not to pursue e-toll debt
Finance minister Tito Mboweni has called on the embattled SA National Roads Agency to reverse its decision not to pursue e-toll debt, saying it will have implications for the fiscus.
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.Sanral’s e-tolling project, which was launched in December 2013, has largely been a failure as a result of low levels of compliance from Gauteng motorists. Subsequently the agency has struggled with low revenues and rising debt levels.
E-tolls is a major election issue in Gauteng, where the ANC will fight to hold on to its majority on May 8. Polling shows the ANC in the province could fall short of the 50% it needs to retain it.
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