Gauteng govt pays R3.8 Billion towards e-toll debt.
Loading player...
GUEST - Wayne Duvenage - CEO of OUTA
Gauteng Member of the Executive Council (MEC) for Finance and Economic Development Lebogang Maile says the province will not go bankrupt.
He was speaking at a briefing on Monday where he outlined the debt repayment structure of the failed e-toll revenue collection project.
The first payment of R3.8 billion has been made and is the first of a five-year plan to cover the historical debt of R12.9 billion.
Gauteng Member of the Executive Council (MEC) for Finance and Economic Development Lebogang Maile says the province will not go bankrupt.
He was speaking at a briefing on Monday where he outlined the debt repayment structure of the failed e-toll revenue collection project.
The first payment of R3.8 billion has been made and is the first of a five-year plan to cover the historical debt of R12.9 billion.
