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Tolls will cost as much as fuel for trucks
Gauteng's new toll roads will cost trucking companies using certain routes as much as the fuel costs on a per-kilometre basis according to Super Group. In an article published in Business Report Super Group's chief executive Peter Mountford says the tolls will manifest in increased products costs.
(Image courtesy Super Group.)
Mountford claims that the secondary distribution costs would increase by 10% and its contracts allow it to pass on the costs directly to retailers or distributors.
Business Report says that the group's view is that the new tolls on Gauteng's highways will be "very significant indeed" particularly for those companies involved in logistics and distribution.
Referring to Super Group's annual results, Business Report says that headline earnings per share for the company increased by 45% to 10,7 cents a share after a 12% rise in revenue to R7,84 billion.
Business Live reports that Super Group has a net cash retention of R672 million as part of its management of working capital even though it had spent R245 million on property, plant and equipment.
Read more:
- Business Report: 'Toll costs as high as fuel costs'
- Business Live: Efficiencies lift Super Group earnings
- Full results: Final Results
