{"id":72536,"date":"2014-11-05T14:48:30","date_gmt":"2014-11-05T12:48:30","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=72536"},"modified":"2014-11-05T14:48:30","modified_gmt":"2014-11-05T12:48:30","slug":"we-have-no-money-sanral","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/trending\/72536\/we-have-no-money-sanral\/","title":{"rendered":"We have no money: Sanral"},"content":{"rendered":"<p>South Africa would be in &#8216;serious trouble&#8217; if the existing e-tolling debt was not settled, SA National Roads Agency Limited (Sanral) told the e-toll review panel in Pretoria on Wednesday.<\/p>\n<p>&#8220;There is no new money,&#8221; said Sanral CEO Nazir Alli.<\/p>\n<p>Alli said that currently the agency had no funds to settle the existing bill.<\/p>\n<p>&#8220;There is no subsidy on the tolls. If we default, South Africa will be in serious trouble,&#8221; he told the panel.<\/p>\n<p>Alli said the e-tolling project in Gauteng cost around R20 billion. The State, however, gave them only R10 billion per year.<\/p>\n<p>He said they could have used the budget they received over two years but the roads would have been impossible to maintain.<\/p>\n<p>&#8220;That would have meant we can&#8217;t maintain a single millimetre of the road,&#8221; said Alli.<\/p>\n<p>The transport department and Sanral on Wednesday proceeded with presenting their submissions to the panel, explaining why e-tolling was necessary.<\/p>\n<p>The National Treasury, which was expected to also present to the panel on Wednesday, requested a postponement.<\/p>\n<p>Alli and transport department acting director general Mawethu Vilana continued to answer questions posed by the panel.<\/p>\n<p>They had until Thursday to conclude their presentations.<\/p>\n<p>Gauteng premier David Makhura in July appointed the panel to review the tolling system.<\/p>\n<p>It was set up to examine the economic and social impact of the Gauteng Freeway Improvement Project and the e-tolling system set up to fund it.<\/p>\n<p>The panel was to present its findings to Makhura at the end of the month.<\/p>\n<h3 class=\"my-4\">More on Sanral<\/h3>\n<p><a title=\"Sanral bond auction hit by e-toll uncertainty\" href=\"http:\/\/businesstech.co.za\/news\/general\/72494\/sanral-bond-auction-hit-by-e-toll-uncertainty\/\"><strong>Sanral bond auction hit by e-toll uncertainty<\/strong><\/a><\/p>\n<p><a title=\"Sanral dismisses retrenchment claims\" href=\"http:\/\/businesstech.co.za\/news\/government\/71151\/sanral-dismisses-retrenchment-claims\/\"><strong>Sanral dismisses retrenchment claims<\/strong><\/a><\/p>\n<p><a title=\"Massive loss for Sanral\" href=\"http:\/\/businesstech.co.za\/news\/general\/70471\/massive-loss-for-sanral\/\"><strong>Massive loss for Sanral<\/strong><\/a><\/p>\n<p><a title=\"Sanral says it\u2019s ahead of cash targets\" href=\"http:\/\/businesstech.co.za\/news\/general\/67634\/sanral-says-its-ahead-of-cash-targets\/\"><strong>Sanral says it\u2019s ahead of cash targets<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>South Africa would be in &#8216;serious trouble&#8217; if the existing e-tolling debt was not settled, Sanral told the e-toll review panel in Pretoria on Wednesday.<\/p>\n","protected":false},"author":4,"featured_media":52493,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[26,429],"class_list":["post-72536","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trending","tag-headline","tag-sanral"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/72536","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=72536"}],"version-history":[{"count":4,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/72536\/revisions"}],"predecessor-version":[{"id":72544,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/72536\/revisions\/72544"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/52493"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=72536"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=72536"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=72536"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}