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Gauteng Government to Increase Revenue Streams for E-Toll Debt Repayment

26 Sep 2024 👁️ 16,478 views
Gauteng Government to Increase Revenue Streams for E-Toll Debt Repayment
TThe Gauteng government announced plans to boost its revenue streams to meet the payments for its e-toll debt. On Monday, it confirmed a R3.8 billion payment to the South African National Roads Agency (SANRAL) as part of efforts to settle the R20 billion debt over the next five years. Ncumisa Mnyani, head of Gauteng Treasury, stated that funds for repaying the debt would come from the provincial revenue fund. She highlighted that existing revenue collection could be made more efficient, and alternative revenue streams are also being explored. The province?s main sources of income include the equitable share and grants from the national government, along with revenue from driving, liquor, and casino licenses.
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