According to a report in the Sunday Times, sources told the newspaper that the rescue plan was recently discussed by cabinet, with President Cyril Ramaphosa present.

If the organisations are not given the funds, they may collapse or default on current outstanding loans.

The report further stated that:

•Sanral needs cash as it cannot borrow any more money.

•The SABC is in a financial mess and needs a government guarantee.

•SAA also needs a guarantee to borrow more.

•The Post Office will get cash and guarantees.

Besides the looting, corruption, financial mismanagement, and extreme incompetence of employees at many state enterprises, the civil disobedience by motorists and their non-payment of e-tolls was highlighted as placing Sanral under pressure.

“Sanral last year wrote off e-toll debts amounting to R3.6 billion, as Gauteng motorists simply refused to pay to use the roads,” stated the report.

This comes after the organisation spent billions upgrading Gauteng’s freeways and installing the e-toll system.

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