for subscribers

E-toll clash heats up amid investor, ratings fears

Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!
An e-toll gantry in Gauteng. (Photo: iStock)
An e-toll gantry in Gauteng. (Photo: iStock)

Cape Town – E-toll owner Sanral was on Monday accused of blaming its financial woes and credit rating pressures on opponents of the controversial Gauteng road payment system.

“Sanral’s financial predicament is self-inflicted and they should stop blaming others for a mess which they created,” Wayne Duvenage, chairperson of the Organisation Undoing Tax Abuse (Outa), said in a statement.

Sanral, which is promising to clamp down on non-payers, said e-toll collections of between R80m and R90m for February and March 2016 showed growth in the system.

There’s more to this story
Subscribe to News24 and get access to our exclusive journalism and features today.
Subscribe
Already a subscriber? Sign in
ZAR/USD
16.11
(-0.15)
ZAR/GBP
20.85
(+0.12)
ZAR/EUR
19.16
(-0.15)
ZAR/AUD
11.49
(-0.20)
ZAR/JPY
0.15
(-0.03)
Gold
1901.54
(+0.01)
Silver
24.59
(+0.15)
Platinum
902.03
(+0.40)
Brent Crude
41.85
(-1.66)
Palladium
2378.04
(+0.61)
All Share
55339.58
(+0.99)
Top 40
50692.28
(+0.83)
Financial 15
10790.70
(+3.99)
Industrial 25
74905.70
(+1.05)
Resource 10
52561.57
(-0.49)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Please select an option Oops! Something went wrong, please try again later.
Results
Yes, and I've gotten it.
24% - 69 votes
No, I did not.
52% - 150 votes
My landlord refused
24% - 70 votes
Vote