e-Toll payback: Gauteng plan to use loans, car licences and gambling blasted
Gauteng Finance MEC, Jacob Mamabolo has said the provincial government will approach commercial banks for loans to service e-toll debt.
Gauteng's plans to settle e-toll debt before it aims to shut down the controversial system at the end of March have been slammed as an exercise in"creative accounting". These plans include securing long-term loans from banks, and"pencilling in" several billion rand in payments into its budget. This week, the Gauteng Treasury announced it had approached commercial banks for loans to service a R12.9 billion debt for the Gauteng Freeway Improvement Plan . South Africans need to be in the know if we want to create a prosperous future. News24 has kept the country informed for 25 years, and we're about to enter a new chapter of fearless journalism. Join our free subscription trial to unlock this story and a world of news aimed to inform, empower, and inspire.
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