• News
    • Tech
    • Lifestyle
    • Business
    • Opinion
    • Premium
  • Reviews
  • Events
    • Nigeria
    • South Africa
  • Tools
    • Price Guide
    • Find your idea car
    • Car valuation
    • Sell your car
    • Car insurance quote
    • Locate a dealer
    • Deals
  • For Sale
    • New Cars for sale
    • Cheap Cars for sale
    • Bikes for sale
    • Trucks for sale
    • Boats for sale
    • Jets for sale in Africa
    • Cars under 5m
    • EV in Nigeria
    • EV in South Africa
Friday, May 9, 2025
  • Login
Auto Journal Africa
  • News
    • Tech
    • Lifestyle
    • Business
    • Opinion
    • Premium
  • Reviews
  • Events
    • Nigeria
    • South Africa
  • Tools
    • Price Guide
    • Find your idea car
    • Car valuation
    • Sell your car
    • Car insurance quote
    • Locate a dealer
    • Deals
  • For Sale
    • New Cars for sale
    • Cheap Cars for sale
    • Bikes for sale
    • Trucks for sale
    • Boats for sale
    • Jets for sale in Africa
    • Cars under 5m
    • EV in Nigeria
    • EV in South Africa
Ask Autojorunal AI
No Result
View All Result
  • News
    • Tech
    • Lifestyle
    • Business
    • Opinion
    • Premium
  • Reviews
  • Events
    • Nigeria
    • South Africa
  • Tools
    • Price Guide
    • Find your idea car
    • Car valuation
    • Sell your car
    • Car insurance quote
    • Locate a dealer
    • Deals
  • For Sale
    • New Cars for sale
    • Cheap Cars for sale
    • Bikes for sale
    • Trucks for sale
    • Boats for sale
    • Jets for sale in Africa
    • Cars under 5m
    • EV in Nigeria
    • EV in South Africa
No Result
View All Result
Morning News
No Result
View All Result
Home News

South Africa approves R5bn e-toll bailout to settle debt

David Ijaseun by David Ijaseun
December 12, 2024
in News
0
Government's e-Toll Debt

Government's e-Toll Debt

621
SHARES
8.7k
VIEWS
Share on FacebookShare on Twitter

South Africans could see some relief as the government moves to resolve the long-standing e-toll debt crisis. The National Assembly has approved a R5.12 billion allocation to the Department of Transport, aimed primarily at settling the South African National Roads Agency’s (Sanral) e-toll liabilities. This marks a step toward addressing the R30 billion national government portion of the debt.

The Special Appropriations Bill, which facilitates this bailout, now awaits President Cyril Ramaphosa’s assent after gaining approval from the National Council of Provinces. “This bill is a lifeline for Sanral, allowing us to address a significant portion of the debt while ensuring South Africans aren’t burdened indefinitely,” Finance Minister Enoch Godongwana said in his October budget speech.

READ ALSO

Gautrain cuts fares by 50% to help low-income commuters, boost ridership

Bonhams Miami auction nets $12.6m despite star F1 car not selling

Sanral’s debt has grown to R28.9 billion as of March 2024, with nearly R28.7 billion classified as “impaired.” The agency’s tolling system, initially launched to fund road infrastructure in Gauteng, has faced criticism for inefficiency and non-compliance from road users.

The provincial government of Gauteng is responsible for 30% of the debt, but controversy erupted when its reported share surged from R13 billion to R20 billion. The Organization Undoing Tax Abuse (Outa) has called for transparency. “Gauteng taxpayers deserve clarity. The sudden jump in numbers raises serious concerns,” said Outa spokesperson Wayne Duvenage.

Despite objections, Gauteng made an initial payment of R3.8 billion in October 2024. The remaining balance remains a contentious issue. Critics argue the province shouldn’t bear the cost, as the tolling system wasn’t its initiative.

As South Africa grapples with these financial obligations, questions linger about the accountability and long-term viability of large-scale public infrastructure projects.

Read more on Losing the Lead? South Africa risks falling behind in NEV manufacturing

Tags: e-toll debtSouth Africa

Related Posts

Gautrain cuts fares by 50% to help low-income commuters, boost ridership
News

Gautrain cuts fares by 50% to help low-income commuters, boost ridership

May 9, 2025
Bonhams Miami Auction
Business

Bonhams Miami auction nets $12.6m despite star F1 car not selling

May 7, 2025
Supersonic Sharkskin Tech
Cars/SUVs

Supersonic sharkskin tech could save aviation billions in fuel, cut emissions

May 4, 2025
used EV market
Electric Vehicles

Battery transparency could supercharge used EV sales, new study finds

May 4, 2025
Africa

Morocco launches transport overhaul to boost safety, sustainability

May 2, 2025
Nigeria and South Korea forge green tech alliance to boost jobs, clean energy
News

Nigeria and South Korea forge green tech alliance to boost jobs, clean energy

April 30, 2025
Next Post
2025 Tiguan

Volkswagen proposes 14% wage hike and profit sharing for Tennessee workers

POPULAR NEWS

Inferno at Toyota 1000 Desert Race consumes 49 cars

Inferno at Toyota 1000 Desert Race consumes 49 cars

July 3, 2023
Mobius Motors

Mobius Motors: Rising taxes, competition ends Kenyan SUV maker’s journey

August 7, 2024
Autojournal car race

Get ready for the biggest RACE show this December in Nigeria

August 12, 2024
From style to sustainability: How Geely Auto is shaping the future of luxury vehicles

From style to sustainability: How Geely Auto is shaping the future of luxury vehicles

October 25, 2024
Oyo State Governor gifts Saheed Osupa Toyota Prado SUV worth ₦70M 

Oyo State Governor gifts Saheed Osupa Toyota Prado SUV worth ₦70M 

August 22, 2023

EDITOR'S PICK

BYD launches electric sports car 2.36 seconds faster than Ferrari

BYD launches electric sports car 2.36 seconds faster than Ferrari

March 1, 2024
Canadian Aerospace suppliers

Trump tariff threats shake Canadian Aerospace industry, threaten supply chains

January 27, 2025
Maserati Alfieri

Why Maserati is a perfect addition to any car collection

March 23, 2023
Carloha Nigeria NFF

Carloha, NFF ink strategic partnership to boost sports, mobility

February 22, 2025

About

Auto Journal Africa is the leading online and print magazine for automobiles in Africa.

Follow us

Recent Posts

  • Gautrain cuts fares by 50% to help low-income commuters, boost ridership
  • Heesen delivers custom superyacht ‘Solemates’ With Luxe Sundeck Jacuzzi and Room for 12 Guests
  • Bonhams Miami auction nets $12.6m despite star F1 car not selling
  • Tesla slashes Cybertruck prices by over $10,000 amid profit drop, weak demand

Links

  • Privacy Policy
  • About Us
  • Contact Us
  • News
  • Reviews
  • Events
  • Tools
  • For Sale

© 2023 Auto Journal

No Result
View All Result
  • News
    • Tech
    • Lifestyle
    • Business
    • Opinion
    • Premium
  • Reviews
  • Events
    • Nigeria
    • South Africa
  • Tools
    • Price Guide
    • Find your idea car
    • Car valuation
    • Sell your car
    • Car insurance quote
    • Locate a dealer
    • Deals
  • For Sale
    • New Cars for sale
    • Cheap Cars for sale
    • Bikes for sale
    • Trucks for sale
    • Boats for sale
    • Jets for sale in Africa
    • Cars under 5m
    • EV in Nigeria
    • EV in South Africa

© 2023 Auto Journal

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In