The South African Road Agency (Sanral) recorded a significantly smaller loss over the past calendar year.
It has dropped from R4.9 billion in the previous year to just over R260 million. However, it hasve been forced to take over a billion Rand from its non-toll portfolio to fund the tolling portfolio.
There have been mixed messages over the fate of e-tolling in Gauteng, with Premier David Makhura saying earlier this year that e-tolls have not worked.
Transport Minister Blade Nzimande has said that while extensive discussions about e-tolls have taken place in government, a decision to scrap them has not been made.
Speaking to Bongani Bingwa, the CFO of the South African National Roads Agency (Sanral) Inge Mulder says from a Sanral perspective, it agrees that e-tolls are a concern.
We have assessed the situation at year end, and for the 12 months going forward, we have been able to assess that it would be a going concern - and of course, the background to that is that the toll portfolio is a small portion of Sanral's business with the tolls only making about 16% roads with the majority funded directly from the fiscus.— Inge Mulder, CFO of Sanral
She adds that as a growing concern Sanral is healthy. It is when you assess the toll portfolio by itself that there is material uncertainty.
It is not selective. It was a slow start, but they are issuing the summonses in bulk and there is a huge amount of summonses going out and I think at last count I saw about 5000 of them.— Inge Mulder, CFO of Sanral
She says if you owe e-tolls, you must expect to be summonsed.
Listen below to the full interview: