E-tolls: R47 billion sanral debt a 'timb bomb' because citizens refused to pay

  • 📰 TheCitizen_News
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 75%

Loans Loans Headlines News

Loans Loans Latest News,Loans Loans Headlines

💰🚗Gauteng must pay 30% of the R47 billion owed in e-toll debt, but Lesufi refused to confirm if residents will have to fork out. Catch up on what's happening here: Etolls PanyazaLesufi

Gauteng Premier Panyaza Lesufi briefed the media on the latest developments on e-tolls and the R47 billion in debt owed to Sanral.government will consult the people on how the 30% should be funded, and he didn’t outright say that residents would not be held responsible.This comes after Finance Minister Enoch Godongwana said during the Medium-Term Budget Speech that government will absorb the e-toll debt.debt, while the provincial government will cover the remaining 30%.

He said government now finds itself in a quagmire “but the debt remains R47 billion, and we’re on the verge of defaulting because people are not paying”.‘You wanted e-tolls gone, it’s not cheap’said the impact of the debt on the province’s budget is “going to be severe until we have a settlement to give us breathing space”.

“We staged the most beautiful, well-appreciated World Cup, and this [e-toll] infrastructure assisted. Those that know the traffic can acknowledge the infrastructure assisted us to alleviate traffic.” When pressed for an answer, Lesufi finally said: “Let’s consult, I don’t want to commit the same mistakes that we find ourselves in.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in LOANS

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Lesufi: Gauteng gov to set up revenue model to settle 30% Sanral debtGauteng Premier Panyaza Lesufi said on Friday the provincial government was in the process of formulating a revenue model to settle 30% of the South African National Roads Agency's debt. Make MPS drive in them that will help save billions
Source: ewnupdates - 🏆 30. / 53 Read more »

Lesufi to clarify settlement of Gauteng's 30% e-tolls debt | The Citizen🚗Gauteng Premier Panyaza Lesufi is expected to share his plans on how to address e-toll debt 💸Find out more here: Etolls PanyazaLesufi
Source: TheCitizen_News - 🏆 6. / 75 Read more »