SA National Roads Agency to get R5.8 billion bailout

The cash-strapped SA National Roads Agency Limited (Sanral) is set to receive a R5.8 billion cash injection from National Treasury.

According to the medium-term budget document tabled by Finance Minister Tito Mboweni on Wednesday, Sanral has R38.9 billion in government-guaranteed debt, and the state-owned entity needs help to pay this.

"There is a risk that this guarantee might be called because the agency is not generating sufficient cash from the Gauteng Freeway Improvement Project [GIPF] to settle redemptions falling due over the MTEF (next three financial years) period," the policy statement said.

"To prevent this, government has allocated R5.8 billion to Sanral in 2018/19."

Sanral debt has continued to pile up as many road users in Gauteng refuse to pay for using tolled freeways in the province.

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