BUSINESS NEWS - The South African National Roads Agency SOC Limited (Sanral) has announced plans to inject over R50 billion into SA’s economy through new tenders.
The SOE is currently evaluating 96 tenders valued at R35 billion, with an additional 86 contracts worth R15 billion already awarded since the beginning of the 2024/25 financial year on 1 April 2024.
The tenders currently under evaluation are distributed across several regions: 34 tenders worth R16.5 billion in the Northern Region, 24 tenders valued at R3.8 billion in the Southern Region, 12 tenders amounting to R2 billion in the Western Region, and 12 tenders totalling R11.7 billion in the Eastern Region.
Additionally, 14 tenders worth R839 million are being evaluated at Sanral’s head office.
Sanral CEO, Reginald Demana believes this development is a significant milestone, especially after facing procurement challenges in the 2023/24 financial year.
Read more on Caxton publication, The Citizen
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