South African National Road Agency SOC Ltd. bond yields have fallen to record lows after a government pledge to back the debt, avoiding a possible default. The yield on the rand debt due in 2020 dropped 54 basis points to 7.69 percent in the past...
In what appears to be a major change in the Gauteng ANC’s policy on e-tolling, the ruling party in South Africa’s economic powerhouse says consideration should be given to raising the fuel levy as “an interim measure” to pay...
If the SA National Roads Agency Limited (SANRAL) could not pay its debt due to opposition to e-tolls for the Gauteng Freeway Improvement Project, borrowing by other parastatals could be jeopardised, Transnet chief executive Brian Molefe cautioned...
Government and the Opposition to Urban Tolling Alliance (OUTA) will continue consultations on the Gauteng Freeway Improvement Project (GFIP) with a view to finding a solution, the parties said in a joint statement on Thursday. Deputy President...
We are constantly confronted with the news that civil engineering is one of the priority scarce skills that South Africa needs to ensure the creation, maintenance and development of infrastructure that would lead to social and economic growth....
E-toll operator, the Electronic Toll Corporation (ETC), will have to be shut down if the contentious system is scrapped. CEO Salahdin Yacoubi says this will result in the loss of 1 400 jobs, including his own, and adds that 65% of ETC employees are...
SANRAL will probably need another government bailout later this year if the Gauteng tolling dispute continues. “The minister of finance has indicated that another appropriation bill may be necessary,” said Andrew Donaldson, the National Treasury’s...
The chairman of the Opposition to Urban Tolling Alliance (Outa), Wayne Duvenage, has resigned from Avis. Duvenage’s last day at Avis is 31 July. “Yes I can confirm that but I will continue in my role as chairman of Outa,” he said in a telephonic...
Holders of South African National Roads Agency (Sanral) bonds were “very concerned” about a possible further downgrade to the agency’s debt‚ according to Sanral CFO Inge Mulder. Their other major concern is what a long delay to...
