Register now for Fin24 Dashboard and get access to portfolios, watchlists, financial comparison tools, and a whole lot more to help you achieve your financial goals.

Data provided by McGregor BFA
All data is delayed
Loading...
Where am I? Home
 
Prices are delayed by 15min.
Join the Fin24.com conversation about JSE-listed stock by using every time you tweet.

Third of SA's roads 'dying'

Oct 20 2009 07:37 Troye Lund

Related Articles

Eskom to fund road repairs

Sanral raises R750m

Absa, IDC to boost taxi industry

Roads agency raises R750m

MEC halts R300m roads tenders

SA roads in bad condition

 

Top Stories

Sizeable drop in petrol price expected

May 24 2012 17:31

The Reserve Bank will maintain current interest rates, and a considerable reduction in the local petrol price is anticipated, says governor Gill Marcus.

Gauteng road project costs rocket

May 25 2012 13:58

The costs of the first phase of the Gauteng Freeway Improvement Project have increased significantly to almost R90bn, according to a report.

JSE halts 'incorrect' trade

May 25 2012 11:36

The JSE has identified and stopped "incorrect" trades from one of its members, and will reverse the trades and lower the session's total value after the close.

 
Share Share line Print

Cape Town - Minister of Transport S'bu Ndebele has said South Africa faces a R38.3bn backlog in maintaining the country's core national (R18.4bn) and provincial (R19.9bn) road networks.

Answering a parliamentary question, the minster stopped short of giving details of government plans to address the situation. Instead, he stressed that resolving it would depend on whether treasury made the necessary funds available.

According to the minister, 4 142 km (32%) of the non-toll national road network have a remaining structural life of less than five years, and need "strengthening" within the next five years.

This requires R35.2bn over the next five years. However, Ndebele also stated that the current Medium Term Expenditure Framework budget allocation for this is R16.8bn, which allows for repairing only about 1 980 km, resulting in a shortfall of 2 162 km or R18.4bn over the next five years.

The Democratic Alliance (DA), which posed the question to Ndebele, argued that his answers did not begin to address the full scale of the problem as they are limited to the core network.

The South African road network consists of about 752 000 km of tarred road. Of this, 535  000 km are classified as the responsibility of national, provincial or local government. About 220 000 km are "unclassified". Essentially, this means no sphere of government has been assigned responsibility for them.

DA shadow transport minister Stuart Farrow said this has "profound" consequences for the economy.

"On the one hand, ever-increasing amounts of the budget will have to be set aside to maintain the ever smaller distance of roads managed by the national administration (remember these backlogs are only what is required to keep the status quo).

, "On the other hand, crumbling roads means that public transport and the transport of goods are affected," said Farrow. He labelled the situation a consequence of years of neglect.

- Fin24.com

 
 
Comment on this story
0 comments
Comments have been closed for this article.
Facebook's intrinsic value
May 23 2012 11:32

When it comes to judging a company’s worth, value investors like Warren Buffett look at intrinsic value. By that measure, Facebook’s shares are worth less than $10. A Reuters analyst breaks down the math. (Reuters)

NicolaaSmith

CIPPA equals automatic zero erosion in the constant item economy We do not have stable – as in fixed real value – money. The real value of money is generally accepted by the public at large to be stable – as in fixed – in low inflation economies, but this is not true. The be... Read their blog...

Recently updated
Podcasts
The Sishen saga

Legal expert Peter Leon on the increasingly complex legal wrangle over the Sishen Iron Ore mine. Time: 8:17 Listen Here...

Before you list

Is the clarion call of the JSE calling? Listen to Fin24’s expert panel discussion before you list your small business. Time: 17:29

Compare and Buy

Compare and apply for hundreds of financial products from many suppliers.

Credit cards Medical aid Current accounts Think Money

Money Clinic

Money Clinic Do you have a question about your finances? We'll get an expert opinion.
Click here...

Loading...