Sanral blames e-tolls impasse for R14.5 billion loss

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The South African National Roads Agency (Sanral) has blamed its massive annual loss of R14.5 billion – and the ballooning of its liabilities to more than R140 billion – on “the lack of revenue opportunities”, mainly from e-tolls, which motorists are still boycotting. Sanral general manager of communications and marketing Vusi Mona said that while the impass over e-tolls continued, Sanral had been unable to focus on that “revenue opportunity”. “The one [opportunity] that leaps out and is controversial at the moment is the e-tolls,” said Mona. The road agency’s annual loss and spiralling liabilities have led the auditor-general to…

Source: citizen