PLEASE NOTE:

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

 
Revelgen
 
Comments: 9
Article views: 1255
 
 
Latest Badges:


 
View all Revelgen's badges.
 

Sanral is going down!

21 January 2014, 13:09

There is no doubt: Sanral (or Scamral as it is more popularly known) is on its way down. E-tolling needs an 80% compliance ratio in order to pay its bills. (They originally estimated only a 7% 'default ratio'.) Currently, only about 1 in 4 cars are e-tagged, mostly businesses, government and rental cars. That means a 25% compliance ratio - and a 75% default ratio. Sanral's debts are rapidly rising (last I heard from R21 billion to R41 billion). A senior member of Sanral resigned in November last year. Their Chief Financial Officer resigned this month. Ever hear about rats and sinking ships? The truth is that the arrogant ANC barged ahead with minimal consultation, sinking some R18 billion of their pension fund investment into Sanral, hoping for fat profits. Now - in an election year nogal - they have massive egg all over their faces. They did the deal with Kapsch, who were formerly proven overseas to have paid massive bribes in our very own Armsgate scandal. Kapsch (who now have had several straight quarterly losses) boasted publicly that they were going to earn about R700 000 000 a year from SA e-tolls. Which would be money not going to fix our roads. No, the ANC (who ARE Scamral) have made a massive blunder. Hundreds of thousands of cars a day (many from the South of Jo'burg who earn relatively low wages) will simply NOT get e-tagged. Our system cannot cope with tens of millions of invoices a month, most of which will not be paid. No, Scamral, the writing is clearly on the wall. So stop wasting money on expensive, lying ads. Admit you have made a horrible mistake. And close down, before you waste any more of the taxpayers' money. The roads? Use our petrol levies, the funding INTENDED to fix the roads. Not build Inkandlas. And by the way, people, do not EVER, EVER get e-tagged. Until the whole horrible system crashes (as it will), Scamral will hound you to an inch of your life for money.

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
9 comments
Add your comment
Comment 0 characters remaining

Read more from our Users

Submitted by
luckyluke
Of presidents and polishitans

I have just returned from Madagascar, probably my favourite destination on my travel agenda for my modest business.  Read more...

1 comments 58 views
Submitted by
Daai Een
White, employed, overwhelmed

I guess I should focus less on the work, and more on the effect one's hard work can have on you. Read more...

0 comments 132 views
Submitted by
Kalibanache
Will SA ever be run with Brains a...

The last thing I want to do is pose our previous leaders as scientists or anything like that. Read more...

0 comments 54 views
Submitted by
Dirk Olivier
Oscar: Shots or bat first?

I am surprised that the state has not yet try to explain the scenario of the two sets of sounds heard by the Stipps. Read more...

11 comments 1099 views
Submitted by
Kolobe Kolobenyana
The DA is the least diverse party

I was driven by a nauseating noise coming from the Democratic Alliance(DA) that they are the most diverse political party to give my opinion.  Read more...

48 comments 1846 views
Submitted by
MAVERICK
EFF attacks construction worker

Although the AUP is no longer in this election; we did sign the code of conduct and we are still a registered political party. Read more...

11 comments 485 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

Welcome on board the kalahari.com 24 hour sale on books!

Today only, buy 1 book and get 1 FREE on the top 100 books. Offer expires midnight 23 April. While stocks last. Shop now!

Get 50% off selected books!

Buy 2 books and get 50% off the second book. Offer valid while stocks last. Shop now!

Mother’s Day special offers!

Spoil mom with these awesome specials that will warm her heart. Shop now!

Twisp – the smoking alternative

Buy any 2 refills for R250 and save R149. Offer valid 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!

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.

 
Interactive Advertising Bureau
 
© 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.