While there are no bailouts for state-owned enterprises (SOEs), SANRAL gets R5 billion as the government looks to close the protracted chapter on e-tolls.
CAPE TOWN - Unforeseen spending is a big feature in the Medium-Term Budget Policy Statement with billions set aside for the South African National Road Agency SOC LTD to cover e-toll debt.
Army deployments in the Democratic Republic of Congo are another unexpected spending item as are the costs associated with an expanded executive under the new Government of National Unity . One of the biggest spending adjustments in the mini-budget is a special appropriation of R5 billion for SANRAL to cover debt repayments linked to e-tolls.“Unforeseeable and unavoidable expenditure of R2.1 billion mainly for disaster relief. A special appropriation bill that mostly covers SANRAL obligations related to phase one of the Gauteng freeway improvement programme.”
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