Mboweni Rebukes South African Roads Agency for Risking Rating

Finance Minister Tito Mboweni urged the South African National Roads Agency SOC Ltd. to reverse a decision not to chase down people who aren’t paying electronic tolls to fund a freeway upgrade around Johannesburg and Pretoria. The state-owned company known as Sanral has faced resistance to e-tolls from motorists since their inception in 2013 and hasn’t issued public debt in at least three years following a drop in revenue caused by the boycott, Bloomberg News reported. South Africa’s transport ministry earlier this month said it transferred 5.7 billion rand ($397 million) to the agency to cover a lack of funding. Read more