The minister says the country isn't sending a good message to bond markets.
The minister says the country isn’t sending a good message to bond markets.
Speaking during a media briefing introducing the new commissioner of the SA Revenue Service Edward Kieswetter, Mboweni said the user-pay principle was a culture that had to permeate through South African society. “It’s a very bad decision. They should never have taken that decision. It is not helpful in the bond market. It is undermining what we have said in the budget, that we support the user-must-pay principle, and they must reverse that decision immediately, or else this has implications for the bond market, the fiscus and their own credit rating.
Sanral on Wednesday said it would stop pursuing historic debt and summonses applied for since 2015, after a request from President Cyril Ramaphosa to address the e-tolls payment impasse.
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