Over the festive period, traffic volumes increased on average by 1.8 percent when compared to the same period in the previous year. Karen Sandison African News Agency (ANA)
Over the festive period, traffic volumes increased on average by 1.8 percent when compared to the same period in the previous year. Karen Sandison African News Agency (ANA)

Higher traffic volume bodes well for the SA economy, says Sanral

By Given Majola Time of article published Jan 28, 2020

Share this article:

DURBAN - Over the festive period, traffic volumes increased on average by 1.8 percent when compared to the same period in the previous year, and this bodes well for the economy, according to South African National Roads Agency Limited (Sanral).

Vusi Mona, Sanral’s general manager for communications, said yesterday that Sanral had found that there was a relationship between traffic volumes on the national road corridors and the status of the South African economy.

Mona said based on historic trends the average increase in traffic volumes year-on-year on the national road corridors was at 1percent above the gross domestic product (GDP) growth rate of the country.

Over the festive period, traffic volumes increased on average by 1.8 percent when compared to the same period in the previous year, and this bodes well for the economy, according to South African National Roads Agency Limited (Sanral). Picture: David Ritchie/African News Agency (ANA) Archives


Independent investment analyst Chris Gilmour said that it was difficult to pinpoint specific reasons for this increase in traffic volumes, but it seemed reasonable to assume that there were more people who opted to use motor vehicles to get to their holiday destinations rather than those who flew, considering the tightness of the current economic situation.

Gilmour said that he believed that as the economy continued to bite into disposable income, more people would drive rather than fly.

Meanwhile, Mona said that over the next three years, Sanral planned to implement more than 900 projects linked to their approved budget of more than R70 billion.

BUSINESS REPORT  

Share this article:

Related Articles