08 Mar

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e-Toll payback: Gauteng plan to use loans, car licences and gambling blasted

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Na'ilah Ebrahim
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Gauteng Finance MEC, Jacob Mamabolo has said the provincial government will approach commercial banks for loans to service e-toll debt. (Gallo Images/Daniel Born)
Gauteng Finance MEC, Jacob Mamabolo has said the provincial government will approach commercial banks for loans to service e-toll debt. (Gallo Images/Daniel Born)

Gauteng's plans to settle e-toll debt before it aims to shut down the controversial system at the end of March have been slammed as an exercise in "creative accounting".

These plans include securing long-term loans from banks, and "pencilling in" several billion rand in payments into its budget.

This week, the Gauteng Treasury announced it had approached commercial banks for loans to service a R12.9 billion debt for the Gauteng Freeway Improvement Plan (GFIP). 

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