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Government greenlights e-toll debt bailout

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SOUTH Africa’s National Assembly has passed the Adjustments Appropriation Bill and the Special Appropriation Bill, allocating funds to specific government initiatives while dealing with its portion of the South African National Roads Agency’s (Sanral) e-toll debt.

Finance minister Enoch Godongwana tabled the 2022 bills during the presentation of this Medium Term Budget Policy Statement (MTBPS) to Parliament on 26 October 2022.

Godongwana said that the Treasury was tabling the Special Appropriation Bill to provide additional funding to Sanral to allow for it to adjust its business model and try to restore its long-term financial viability.

Parliament noted that Special Appropriation Bill deals specifically with the public enterprise as well as matters of transport that are interconnected.

The bill proposes that R6.278 billion and R23.736 billion will be appropriated from the National Revenue Fund and be allocated to the Departments of Public Enterprises and Transport, respectively, for the 2022/2023 financial year.

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