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