PLEASE NOTE:

MyNews24 is a user-generated section of News24.com. The stories here come from users.

 
pws69
 
Comments: 2
Article views: 1159
 
 
Latest Badges:

 
View all pws69's badges.
 

Real e-toll costs to Gauteng Residents

03 December 2013, 13:26

SANRAL are responsible for 3,120km of tolled roads in SA, of which the Gauteng eToll roads account for 220km (185km tolled to date with the rest to follow)

ETC have the concession to run Gauteng eTolling, which includes managing and funding the highways under concession.

Who Owns ETC?

Much has been made of the South African ownership portion of ETC. Is it true?

ETC Shareholding
TMT:  35%
Kapsch TrafficCom AG: 25% (Austria)
TrafficCom AB (Sweden): 40%

But TMT is 56,8% owned by local 100% Kapsch subsidiary KTCSA

So, in effect, Kapsch own 85% of ETC

I always maintain if you want to see the full picture, look at the money.

Follow the money

We'll start with total SANRAL expenditure on Toll roads for 2012/2013 financial year.

Remember, there is 3,120km of Toll roads under SANRAL management.

Operational expenditure:

1,979km of roads at R1,46 Billion

Capital Expenditure:

571km of roads at R1,82 Billion

Total roads 2550km at R3,28 Billion

Was the other 18,2% (570km) of roads just ignored?  Mmmm

For comparison here are the figures for non tolled roads

Operational expenditure:

20,597km of roads at R3,7 Billion

Capital Expenditure:

2715km of roads at R5,9 Billion

Total roads 23,147km at R9,6 Billion

So, 25,4% of expenditure was on 9,9% of roads. This raises the first question.  Are the toll roads just bigger, or is the profit far bigger for the concessionaires (potentially 50% plus gross profit margins)

NOTE:  actual road network is 19,704km under SANRAL management, so you will see an overlap of capital an operational i.e. some sections have both a capital and operational expenditure, the rest just operational expenditure.

Now to the Income Statement

Tolled Roads: R2,1 billion from Tolls
Non Tolled Roads: R4,8 billion from Treasury (actual allocation R9 billion, less capitalisation deferred of R 5 billion see financial statements.

Remember that Gauteng Toll COSTS are included, but there is no income for the financial period quoted.

Finally Getting there!

So, we know that current tolling income on 2550km of roads is R2,1 billion.  SANRAL have projected R2,5 billion from Gauteng Freeway Improvement Project etolling income.

Let's put that in perspective shall we?

FIFTY FOUR PERCENT (54%)
of ALL toll income will come from just 8,6% of the total toll roads, which just happen to be the Gauteng freeway improvement project.

Now be good little citizens and go out and buy your eTags without question.

Special Note

In the SANRAL strategic plan is to toll a possible extra 6,524km of roads, essentially TRIPLING toll roads.  And people outside of Gauteng thought they were safe.  How silly of them.

Disclaimer: All articles and letters published on MyNews24 have been independently written by members of News24's community. The views of users published on News24 are therefore their own and do not necessarily represent the views of News24. News24 editors also reserve the right to edit or delete any and all comments received.
 

Read News24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
2 comments
Add your comment
Comment 0 characters remaining

Read more from our Users

Submitted by
CandK
The pearls of an Atheist Easter

I have an extended family that are Christian, and we are not talking the love they neighbour, forgive your mates and do the right thing, of the good old bishop Tutu kind. Read more...

170 comments 1542 views
Submitted by
Makate Rapulana
The colour of corruption

The word "corruption" is without doubt the most (ab)used and politicised word in South Africa.  Read more...

37 comments 816 views
Submitted by
Makate Rapulana
Who is watching the watchdog?

The late chief justice Pius Langa once averred: “I think judges should have a thick skin. We work in public, we give our judgments in public, and we give reasons for those judgments." Read more...

7 comments 279 views
Submitted by
Narian Chengiah Naidoo
A Civilized Society

Oliver Wendell Holmes Jr. said, "Taxes are what we pay for a civilized society." Those words carry value and meaning only if "civilized" is understood as being good, happy and beneficial to all citizens. Read more...

8 comments 565 views
Submitted by
Rodney Bevan
SA under Zuma

Jacob Zuma, along with a handful of cronies has single handedly almost destroyed the country, its people and its economy. Read more...

38 comments 2988 views
Submitted by
The Fox 5366
Illegal Miners: Voiceless Prostit...

There's been a lot said about legalising prostitution so that prostitutes can be protected, receive healthcare and not be victimised. Read more...

11 comments 719 views

Jobs in Cape Town [change area]

Property [change area]

Travel - Look, Book, Go!

Escape winter, head to Mauritius

Escape winter by spending 7 nights in Mauritius' tropical bliss from R13 215 per person sharing. Includes return flights, airport transfers and accommodation. Book now!

Kalahari.com - shop online today

Get many eggs in one basket!

Gaming bundles: 2 Super Hits games for R99, 3 Disney games for R99 and more + exclusive accessory bundles only available on kalahari.com. While stocks last. Shop now!

25% off bestselling books!

The Real Meal Revolution by Tim Noakes, Jeffrey Archer’s Be Careful What You Wish for, Man’s Search for Meaning by Victor E. Frank and many more titles. Shop now!

Up to 25% off electronics

Buy top electronics and save up to 25%. Such as kalahari.com’s 1# selling product the gobii eReader, Patriot X Porter flash drive, Asus Nexus 7” 3G tablet, Samsung Galaxy SIII, Lenovo G580 Notebook and many more. Shop now!

DStv HD PVR Decoder now R949

The DStv HD PVR Decoder has further revolutionised the television experience with lifelike viewing, sharper images, more vibrant colours and precision picture quality. Now R949, save R550. Offer valid while stocks last. Shop now!

Up to 30% off appliances & homeware

Save up to 30% on appliances and homeware this Easter! Offer valid while stocks last. Shop now.

OLX Free Classifieds [change area]

Samsung Galaxy s4

Mobile, Cell Phones in South Africa, Western Cape, Cape Town. Date October 24

Best bargain in big bay

Real Estate, Houses - Apartments for Sale in South Africa, Western Cape, Cape Town. Date October 25

VW Golf 6, 1.6 Trendline (Excellent condition)

Vehicles, Cars in South Africa, Western Cape, Cape Town. Date October 25

 

services

E-mail Alerts The latest headlines in your inbox

RSS feeds News delivered really simply.

Mobile News24 on your mobile or PDA

E-mail Newsletters You choose what you want

News24 on your iPhone Get News24 headlines on your iPhone.

SMS Alerts Get breaking news stories via SMS.

Blogs Your opinion on you, me and everyone.

Calais Website keywords automated by OpenCalais.

 
Digital Media & Marketing Association
 
© 2014 24.com. All rights reserved.
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.








Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.