Sanral blames Covid-19 for R570m revenue loss

“Sanral has therefore included a budgetary transfer of R3.2 billion per annum over the Medium Term Expenditure Framework ending 2022-23 financial year to cover the shortfall on e-tolls.

The report said the material uncertainties on the future of GFIP as a going concern were expected to be mitigated through direct government support and feasible sources of financing.“The non-toll portfolio currently has a significant cash surplus of R27.2 billion, and is expected to remain cash positive well into the foreseeable future, due to the MTEF allocations and the spending patterns.

Sanral also said its cash flow projections showed that cash reserves for the toll portfolio remained cash positive until February 2022. According to the report, although there were material uncertainties on the toll portfolio, there were no significant doubts about going concerns of Sanral as a whole after considering the potential mitigation actions and the significant cash reserves.

Imagine 🙄. Did the toll road have Covid-19 You can't blame loss of revenue on covid. But you can say fewer people were making use of the toll road, which I may add has been making a loss since inception.

Covid-19 did nothing but Sanral should be blaming presidency for making wrong decisions that led to loss of revenue.

These toll gates on highways r very expensive. Every month the toll fees go up especially on the N3. Damit

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

COVID-19 LIVE UPDATES | How children orphaned by Covid-19 are battling to copeCoronavirus updates.
Source: TimesLIVE - 🏆 28. / 59 Read more »

SA records another day of fewer than 1,000 Covid-19 infectionsSA recorded another day of fewer than 1,000 new Covid-19 cases, according to figures from the NICD on Thursday. I hate that after the election we will see numbers going to plus 3000. All these masses during rallies and the figure is still low Is the virus taking a break during election season Let's wait until di 10november
Source: TimesLIVE - 🏆 28. / 59 Read more »

Covid-19 update: 40 new deaths recorded in SAThere has been an increase of 84 hospital admissions in the past 24 hours.
Source: TheCitizen_News - 🏆 6. / 75 Read more »

In about-face, Burundi receives first COVID-19 vaccinesBurundi, one of the last countries in the world to inoculate its people against COVID-19, received its first batch of vaccines on Thursday after a major about-turn by the government. 🤢 Black leaders are the worst sell outs in history. No matter how much they have endured they will still live to please their captors amd generation after generation suffer. Black women please raise 🙏🏾😩😩😩
Source: eNCA - 🏆 49. / 51 Read more »

Misplaced fear fuelling Covid-19 vaccine hesitancy, says inoculation expertProfessor Hannelie Meyer says misinformation is the biggest reason for South Africans not wanting to get vaccinated.
Source: TheCitizen_News - 🏆 6. / 75 Read more »

Covid-19 a stress-test for legislative emergency provisions in African countries - The Mail & GuardianCovid-19 a stress-test for legislative emergency provisions in African countries - Research by a Cape-based academic centre found that the implementation of legislative provisions was done selectively in South Africa, Mozambique, Kenya, Malawi and Zambia
Source: mailandguardian - 🏆 2. / 92 Read more »