PLEASE NOTE:

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

 
Revelgen
 
Comments: 9
Article views: 1386
 
 
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.

 

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
Comments have been closed for this article.

Read more from our Users

Submitted by
So,Recently
The threat to South African democ...

Zuma is not only a threat to the ANC and the South African economy, but to South Africa’s democracy itself. Read more...

0 comments 3437 views
Submitted by
Greg Miller
The labels we use

Just a thought in all the outrage we are showing as to what monsters are we perhaps the creators of. Read more...

0 comments 460 views
Submitted by
Roxy Belara
Why we need better waste manageme...

As a society, we need to be more aware of how we dispose of our rubbish, but what we do not realise, is how much our waste disposal methods are actually hurting our society. Read more...

0 comments 352 views
Submitted by
Sir_Prezz
Men are trash and there's no argu...

As things are, I fear for the daughters I am raising, I don’t want them to grow in a sick society. I fear for all the other women out there. Read more...

0 comments 1129 views
Submitted by
Gobbledy Gooker
Spur boycott is unfair

By boycotting Spur people are hurting people who are innocent and not connected to the incident. Read more...

0 comments 3956 views
Submitted by
Ntokozo Nzimande
 

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 Android Get the latest from News24 on your Android device.

SMS Alerts Get breaking news stories via SMS.

TV Get us in your home, on your television.

 
Interactive Advertising Bureau
 
© 2017 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.