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ROADS CRUNCH

17th April 2015

By: Darlene Creamer

  

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Uncertainty over South Africa’s approach to funding the newly improved Gauteng highway network can be seen every time Sanral attempts to raise debt on the capital markets. At some point (hopefully sooner rather than later), resolution has to be found to the current impasse. The longer it is left, the more likely it is that we will face an Eskom-type price shock.

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