THE SOUTH AFRICAN NATIONAL ROADS AGENCY SOC LIMITED - South African Government ends E-Tolls in Gauteng

South African Government ends E-Tolls in Gauteng

The South African National Roads Agency SOC Limited
Incorporated in the Republic of South Africa
(Registration number 1998/009584/30)
Alpha code: BINRA
("SANRAL" or the "Company")

SOUTH AFRICAN GOVERNMENT ENDS E-TOLLS IN GAUTENG

The South African Government announces that e-tolls in Gauteng have officially been scrapped.

The gantries will officially be disconnected from the e-tolls network from 23h59 on 11 April 2024.

Following the initial announcement by Finance Minister Enoch Godongwana during his 2022 mid-
term budget policy statement (MTBPS) that e-tolls will be scrapped, the South African National
Roads Agency SOC Limited (SANRAL), the National Department of Transport (NDoT), the National
Treasury (NT) and the Gauteng Provincial Government (GPG) have finalised a Memorandum of
Agreement (MOA) that covers the following:

    •   Gauteng to pay 30% (R12,93 billion) of SANRAL's debt to national government;

    •   Gauteng to contribute to backlog maintenance (R4,1 billion);

    •   National Treasury to cover 100% of SANRAL's debt; and,

    •   Withdrawal of the declaration of Gauteng Freeway Improvement Project (GFIP) as a toll
        road.

The signatories reiterate that the user pay principle remains a government policy and commit to
continually engaging and working together to explore adequate and stable funding solutions for
road construction, maintenance, and upgrade to support economic development.

Transport Minister Sindisiwe Chikunga has published in the Government Gazette, the withdrawal of
the toll declaration of the e-toll roads. This declaration will be effective on 11 April 2024 at 23h59,
which means that from 12 April 2024, road users will no longer be charged for the use of the e-toll
network.


28 March 2024

Debt Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 28-03-2024 04:30:00
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