THE SOUTH AFRICAN NATIONAL ROADS AGENCY SOC LTD
27 May 2011
TOLL REVENUE SCAM
SANRAL has recently become aware of a scam relating to SANRAL toll roads and toll revenue. A certain individual has allegedly informed members of the public that he was facilitating a deal in terms of which he would obtain a portion of the N1 highway in Gauteng (between Malibongwe and Beyers Naude roads) from SANRAL. Members of the public were invited to invest money with this person for an attractive return. The return on investment would be based on a percentage of the toll revenue to be collected on that specific section of the national road.
SANRAL would like to categorically state that this scheme, or any other scheme of this nature, is fraudulent and there will never be any investment opportunities with respect to toll revenue collected on the national toll road network. SANRAL is not permitted to lease its roads to third parties.
The only investment opportunity available to potential investors on SANRAL toll roads is with regard to the bonds issued by SANRAL regularly, to fund its toll road network. This is done through our broker banks, ABSA and RMB.
A criminal case has been opened in this regard with the South African Police Services. The case number is Fairlands CAS 10/3/2011.
Issued by: The South African National Roads Agency SOC Limited
Contact: Wanda Cloete - Project Manager: Communications
T: (012) 426 6212