OUTA wants to see SANRAL's annual report
It's not the only entity to have missed this deadline.
“State-owned entities are crucial bodies providing services to the public and their efficient performance is of importance and interest to the people of South Africa,” says Rudie Heyneke, OUTA’s recently appointed Transport Portfolio Manager.
SANRAL is responsible for the national road system, including the toll roads and the controversial Gauteng e-toll system. OUTA has been monitoring SANRAL’s financial reporting over the past decade and has raised a number of concerns over its lack of transparency related to the toll concession revenue, along with the revision of its road network asset values which falsely inflated its balance sheet, resulting in increased borrowings for overpriced projects and worrying debt levels.
In compliance with the Public Finance Management Act, the Minister of Transport Joe Maswanganyi tabled a note in Parliament about the delay in the SANRAL report, saying it would be tabled by 31 October.
OUTA calls on the SANRAL board and the Auditor General of South Africa to place pressure on SANRAL’s leadership to have these financials released, as promised by the minister, or this SOE stands to lose whatever credibility it still has left with the public.