Latest news with #SouthAfricanNationalRoadsAgency
IOL News
22-05-2025
- Business
- IOL News
South Africa to invest over R1 trillion in infrastructure over three years
Of the R1.03 trillion to be allocated to public infrastructure, Finance Minister Enoch Godongwana said a total of R402 billion goes towards major allocations to roads, R219.2 billion to energy, as well as R33.7 billion to water and sanitation. Image: Armand Hough / Independent Newspapers INVESTING R1 trillion on roads, rail, energy, and water over the next three years demonstrates the government's resolve to change the composition of spending from consumption to investment, says Finance Minister Enoch Godongwana. The budget document said of the R1.03 trillion to be allocated to public infrastructure, a total of R402 billion goes towards major allocations to roads, R219.2 billion to energy, as well as R33.7 billion on water and sanitation. Of the R402 billion for transport and logistics, R93.1 billion is for the South African National Roads Agency to keep the 24,000 kilometre national roadwork in active maintenance and rehabilitation. A total of R53.1 billion was for the maintenance and refurbishment of provincial roads. 'These investments will maintain our extensive road network in good condition allowing easy access and movement of freight and people within the country and beyond,' he said. He said allocations towards capital payments remained the fastest-growing area of spending by economic classification. 'Public infrastructure spending over three years will exceed the R1 trillion mark. This spending will focus on maintaining and repairing existing infrastructure, building new infrastructure and acquiring equipment and machinery,' he said. Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. 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Godongwana also said R66.3 billion is allocated to the Passenger Rail Agency of South Africa (Prasa), with R18.2 billion meant for the rolling stock fleet renewal programme and R12.3 billion is provisionally allocated for the renewal of the signaling system. 'The spending will sustain progress in rebuilding the infrastructure to provide affordable commuter rail services. This will enable Prasa to increase passenger trips from 60 million in 2024/25 to 186m by the end of the Medium Term Expenditure Framework.' The Minister said the energy sector will invest R219.2 billion on strengthening the electricity supply network, from generation to transmission and distribution. The water and sanitation sector will spend R156.3 billion on expanding water resource and service infrastructure including dams, bulk infrastructure to service mines and factories. Godongwana told MPs that the National Treasury continued to implement reforms that will facilitate greater private sector participation in public infrastructure. The new regulations for public-private partnerships (PPPs) were gazetted earlier this year and will take effect in June. 'The National Treasury has developed enabling guidelines and frameworks to support the new regulations,' said Godongwana, adding that the guidelines and framework will be published in the coming weeks. The budget documents said a single structure overseen by the National Treasury will be established during 2025/26 to coordinate state participation in project preparation and planning, public-private partnerships (PPPs), funding and credit guarantees. 'It will consolidate two units currently in the Government Technical Advisory Centre that coordinate PPPs and capital appraisals with the Infrastructure Fund in the Development Bank of Southern Africa.' It also said PPP regulations have been streamlined, reducing approval requirements for projects below R2 billion from June 2025. 'A clear framework is being established to receive and process unsolicited PPP proposals or bids from the private sector. Revised manuals and guidelines on PPPs are being produced and will be made available to the public.' Cape Times
Eyewitness News
21-05-2025
- Business
- Eyewitness News
Budget 3.0: R1 trillion allocated to infrastructure projects, says Godongwana
CAPE TOWN - Infrastructure continues to be the anchor of the 2025 budget, with more than R1 trillion to be pumped into several projects over the next three years. According to the National Treasury and Finance Minister Enoch Godongwana, the public sector will spend most of the money, as it invests in economic infrastructure. Moreover, the funds will be mostly led by state-owned companies. Tabling the highly anticipated third version of the budget, Godongwana says quality infrastructure investment strengthens productive capacity and creates jobs. ALSO READ: Budget 3.0: Economists speculate Godongwana could lift freeze on fuel levy The latest budget says the proposals outlined in the March 2025 budget review on infrastructure investments remain unchanged. During that March budget, Godongwana said public infrastructure spending in the medium term would amount to more than R1 trillion, focusing on the three sectors of transport, water and energy. Today's budget continues on the same path, with billions earmarked for strategic infrastructure for the next three years. "Public infrastructure spending over three years will exceed the R1 trillion mark. This spending will focus on maintaining and repairing existing infrastructure, building new infrastructure and acquiring equipment and machinery." Godongwana says the largest investment will go to transport and logistics at R402 billion, with R93 billion of that going to the South African National Roads Agency (SANRAL) to maintain the country's 24,000 km national road network.
IOL News
21-05-2025
- Business
- IOL News
Budget: South Africa to invest over R1 trillion in infrastructure over three years
Of the R1.03 trillion to be allocated to public infrastructure, Finance Minister Enoch Godongwana said a total of R402 billion goes towards major allocations to roads, R219.2 billion to energy, as well as R33.7 billion to water and sanitation. Image: Armand Hough / Independent Newspapers More than R1 trillion will be spent on infrastructure investment on roads, rail, energy, and water over the next three years. Delivering his Budget speech, Finance Minister Enoch Godongwana said the 2025 budget demonstrated their resolve to change the composition of spending from consumption to investment. Godongwana said allocations towards capital payments remained the fastest-growing area of spending by economic classification. 'Public infrastructure spending over three years will exceed the R1 trillion mark. This spending will focus on maintaining and repairing existing infrastructure, building new infrastructure and acquiring equipment and machinery,' he said. Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Next Stay Close ✕ Ad Loading The infrastructure spend will focus on transport and logistics, energy and water and sanitation. The budget document said of the R1.03 trillion to be allocated to public infrastructure, a total of R402 billion goes towards major allocations to roads, R219.2 billion energy, as well as R33.7 billion on water and sanitation. According to Godongwana, of the R402 billion for transport and logistics, R93.1 billion is for the South African National Roads Agency to keep the 24,000 kilometre national roadwork in active maintenance and rehabilitation. A total of R53.1 billion was for the maintenance and refurbishment of provincial roads. 'These investments will maintain our extensive road network in good condition allowing easy access and movement of freight and people within the country and beyond,' he said. Godongwana also said R66.3 billion is allocated to the Passenger Rail Agency of South Africa (Prasa), with R18.2 billion meant for the rolling stock fleet renewal programme and R12.3 billion is provisionally allocated for the renewal of the signaling system. 'The spending will sustain progress in rebuilding the infrastructure to provide affordable commuter rail services. This will enable Prasa to increase passenger trips from 60 million in 2024/25 to 186m by the end of the Medium Term Expenditure Framework.' The Minister said the energy sector will invest R219.2 billion on strengthening the electricity supply network, from generation to transmission and distribution. The water and sanitation sector will spend R156.3 billion on expanding water resource and service infrastructure including dams, bulk infrastructure to service mines and factories. Godongwana told MPs that the National Treasury continued to implement reform that will facilitate greater private sector participation in public infrastructure. He said the new regulations for public-private partnerships (PPPs) were gazetted earlier this year and will take effect in June. 'The National Treasury has developed enabling guidelines and frameworks to support the new regulations,' said Godongwana, adding that the guidelines and framework will be published in the coming weeks. The budget documents said a single structure overseen by the National Treasury will be established during 2025/26 to coordinate state participation in project preparation and planning, public-private partnerships (PPPs), funding and credit guarantees. 'It will consolidate two units currently in the Government Technical Advisory Centre that coordinate PPPs and capital appraisals with the Infrastructure Fund in the Development Bank of Southern Africa.' It also said PPP regulations have been streamlined, reducing approval requirements for projects below R2 billion from June 2025. 'A clear framework is being established to receive and process unsolicited PPP proposals or bids from the private sector. Revised manuals and guidelines on PPPs are being produced and will be made available to the public.' The document said state-owned companies, public entities, and municipalities will fund 72.7 per cent, which total R748.5 billion of total public-sector capital investment from their budgets. 'For the 2025 Budget cycle, the Budget Facility for Infrastructure has approved nine projects with a total value of R55.5 billion, of which R15.3 billion will be funded by the Facility, supporting critical areas such as hospital infrastructure, transport and logistics and water.' It added that the 2025 Budget introduces a performance-based conditional grant for certain trading service entities that provide basic services, such as municipal water. 'This will incentivise financial and operational reforms to improve their functioning and sustainability.'
The South African
15-05-2025
- Automotive
- The South African
SANRAL denies viral claims of speed limit reductions on SA roads
The South African National Roads Agency (SANRAL) has firmly denied that it is introducing reduced speed limits on South African roads, following the circulation of a false message claiming sweeping changes to national traffic laws. The viral message alleged that new speed regulations would take effect on 1 July 2025, including reductions such as: Urban roads: from 60km/h to 50km/h Rural roads: from 100km/h to 80km/h Highways: from 120km/h to 110km/h Heavy vehicles: limited to 90km/h School zones: restricted to 30km/h during school hours SANRAL responded by clarifying that it has no authority to set or enforce speed limits. 'Our mandate is strictly limited to the planning, financing, development, and maintenance of the national road network. 'We are not responsible for law enforcement or the setting of road safety regulations,' said Vusi Mona, SANRAL's General Manager for Communications. The agency emphasised that the misleading communication falsely attributes new legislation to SANRAL, which is not within its jurisdiction. Mona encouraged the public to be cautious about misinformation and to report suspicious messages directly to SANRAL's tip-off line or official email address. While there have been past discussions by road safety bodies about potentially reducing speed limits to improve safety, no such changes have been implemented or authorised at this time. The public is urged to rely only on official government channels for updates on road regulations. Let us know by leaving a comment below, or send a WhatsApp to 060 011 021 1 Subscribe to The South African website's newsletters and follow us on WhatsApp, Facebook, X and Bluesky for the latest news.
IOL News
15-05-2025
- Automotive
- IOL News
Debunked: SANRAL has no plans to change SA's speed limits
If you're concerned that your next trip to Durban will be at a snail's pace, breathe a sigh of relief because the speed limits on South Africa's roads are not being reduced. If you've heard the news about proposed speed limit reductions on South African roads, it's time to set the record straight. Here's what you need to know. The rumour mill Recently, a message circulated on social media claiming that the South African National Roads Agency (SANRAL) was set to reduce speed limits on various roads. This information caused quite a stir, leading many to worry about travel times in Durban and beyond. Fact-checking by SANRAL SANRAL quickly confirmed that the information was false. According to Vusi Mona, SANRAL's communications head, the agency does not possess the authority to alter speed limits. Their role is limited to managing the national road network's financing, planning, maintenance, and development, as outlined by the Sanral Act of 1998.
