Despite repeated assurances that bankrupt state entities will not be helped out again, Cyril Ramaphosa and the Cabinet announced that R59 million of taxpayers money will be spent to prevent entities such as SAA, SABC, Post Office and SANRAL, that are unable to pay their bills, from collapsing. SANRAL can no longer borrow money, the..
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R59 million of taxpayers money will be spent to bail out bankrupt state entities
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Toll Fees, Petrol to add to consumer debt burden
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Consumers already owing R1.37-trillion in debt will feel more heat from higher fuel and toll prices in May, said a debt expert.
Neil Roets, CEO of Debt Rescue, said in a statement that consumers will also have to contend with financial pressures from the 1% VAT increase.
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SANRAL SCRAPS E-TOLL DEBT OF R3.6BN
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Sanral says it will write off R3.6 billion for the current financial year but will continue attempts to recover unpaid e-tolls by taking defaulters to court. The South African National Roads Agency Limited (Sanral) has confirmed it will be scrapping debt of more than R3 billion in unpaid e-tolls. Sanral says it will write off..
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E-Fail: E-tolls a failure, so Sanral proposes ‘Plan B’
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Johannesburg – The government has proposed new laws following the dismal failure of e-tolling revenue collection from Gauteng motorists, who owe more than R6 billion in unpaid tolls. The purpose of the South African National Roads Agency Limited and National Roads Amendment Bill is to amend previous road acts to address the public outcry which..
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