The Inkatha Freedom Party (IFP) said if the Gauteng e-toll project fails, government will have to bail-out Sanral, as well as the civil servants' pension fund, according to a report on Friday.
Chairperson of the board of trustees of the Government Employees Pension Fund (GEPF), Arthur Moloto, confirmed that as of the end of February 2012, it held roughly 50% of Sanral bonds valued at around R15.7bn, Beeld newspaper reported.
However, the IFP said the investment was the real reason behind government's push to ensure the controversial Gauteng e-tolling project succeeds.
The IFP's finance spokesperson Narend Singh said it was finally clear why government wanted to save this project at all costs, regardless of public opposition and the obvious unfeasibility of the scheme.
A failure of the toll system would be disastrous, he warned.