All data is delayed
Loading...
See More

Collecting tolls will be costly - report

Apr 24 2012 08:10
Sapa

Johannesburg - The income from Gauteng's tolls will mainly be spent again on collecting toll money in the next two years, according to a report on Monday.

This emerged in a reply by Transport Minister Sibusiso Ndebele in the National Council of Provinces following a question from the Democratic Alliance, reported The Star newspaper.

More than 70% of the Gauteng toll income will be used over the next two years to collect toll fees.

Ndebele said the Gauteng tolls should bring in R3.513bn in 2012 and 2014. In that same period, it would cost R2.543bn to collect the tolls.

 
tolls  |  roads

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
23 comments
Comments have been closed for this article.
 

Company Snapshot

We're talking about:

THE DEBT ISSUE

Debt is one of the biggest financial issues facing South Africans today. Find out how you can avoid and manage your debt with Fin24 and Debt Rescue.
 

Money Clinic

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

Voting Booth

Labour’s call for a cap on salary of high earners is?

Previous results · Suggest a vote

Loading...