Fri, 23 Oct 2020

The South African National Roads Agency needs the government to make a decision on the future of electronic tolls in Gauteng province, as the coronavirus cuts its cashflow, according to the Sunday Times.

"We're having to scurry around to ensure our liquidity," the Johannesburg-based newspaper cited Sanral Chief Executive Officer Skhumbuzo Macozoma as saying.

"Until you solve the the e-tolls problem we won't get out of this quagmire."

Macozoma said the decision on whether to keep the system or scrap it rests with President Cyril Ramaphosa's cabinet. Only about 20% of users are paying e-tolls, the Sunday Times said.

READ | State companies cling to cash as financial challenges bite, Treasury warns

If canceled, Sanral's debt related to the Gauteng Freeway Improvement Project will jump from around R40 billion to R67 billion.

South Africa's lockdown to curb coronavirus cost Sanral more than R620 million, the Sunday Times said.

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