Marking International e-Waste Day: South Africa Encourages Recycling and Decluttering
October 15, 2024
Upcoming Events in South Africa: 13–17 October 2024
October 15, 2024
The South African National Roads Agency SOC Limited (SANRAL) has announced significant achievements and expenditures for the 2023/24 financial year, with total spending amounting to R27.1 billion. The expenditure covered both toll roads (R4.1 billion) and non-toll roads (R23 billion), reflecting SANRAL’s ongoing commitment to enhancing the nation’s road infrastructure.
Key Expenditures and Achievements
- Non-Toll Road Investments: Out of the R23 billion allocated for non-toll roads, R12.3 billion was directed towards capital projects and R10.7 billion was spent on maintenance.
- Road Maintenance Milestones: SANRAL exceeded its resurfacing target, completing 1,984 km compared to the planned 1,200 km. This figure represents a significant increase from the previous year’s 687.9 km, indicating a strengthened focus on road maintenance and asset management.
- Transformation and SMME Involvement: The agency surpassed its transformation targets, with 99.6% of Routine Road Maintenance (RRM) tasks carried out by Black-owned small, medium, and micro enterprises (SMMEs). SANRAL also involved 2,249 SMMEs in its projects, exceeding the goal of 1,800 and up from 1,928 in the previous year.
- Job Creation: The agency created 12,652 full-time equivalent (FTE) jobs, surpassing the target of 12,000 and increasing from 11,366 in the previous year.
Financial Performance
- Asset Growth and Cash Flow: SANRAL’s total assets increased by 17% to R772 billion. Both operating and investing activities saw notable increases of 23% and 7%, respectively.
- Future Funding and Borrowing Capacity: With R87 billion allocated by the National Treasury for the next three years, SANRAL’s borrowing capacity has grown to R16.5 billion, allowing the agency to pursue larger-scale projects.
CEO’s Remarks on SANRAL’s Progress
SANRAL CEO Reginald Demana attributed these accomplishments to strategic growth and robust operational management. He emphasized the agency’s role in infrastructure development as a driver of economic growth and transformation, particularly through creating opportunities for Black-owned enterprises.
Looking ahead, Demana assured that SANRAL would continue focusing on job creation, community development, and economic empowerment. The agency plans to expand its network, currently at 24,384 km, with an additional 3,350 km under assessment for transfer from provincial authorities.
A Vision for the Future
As SANRAL accelerates its project execution, reducing cash reserves in the process, it aims to maintain a steadfast dedication to fostering economic growth and driving meaningful change for the future.
