By: Natasha Archary
Finance Minister, Enoch Godongwana says government will absorb the R47 billion SANRAL debt which was brought on by e-tolls.
Godongwana announced the decision to do away with the e-tolling system in Gauteng, whilst tabling his medium-term budget statement on Wednesday, 26 October.
Listen to analysis and reactions to the announcement on Point of View here:
Gauteng Premier Panyaza Lesufi says the announcement was welcomed as it brings relief to the people of Gauteng.
However, there’s still a small portion of the debt that will need to be accounted for, which Gauteng taxpayers will likely be responsible for.
“We will consult the people of Gauteng on how this 30% should be funded. We don’t want to make the same mistake of imposing a model. So, we will run a consultative conference with people of Gauteng on how best to settle this 30%.”
Panyaza Lesufi on the portion of the e-toll debt which will need to be funded
Lesufi said the e-toll structures will be used as a means of tackling crime and corruption in the province.
The e-tolls will not just monitor for speed but will according to Lesufi provide valuable information on illegal goods being transported, amongst other things.
Apart from taking on the staggering e-toll debt, government will also account for a significant portion of Eskom’s R400 billion debt.
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