Chairperson, I wish to respond to the issues raised by hon Singh. It is regrettable that hon Singh tries to attach sinister connotations to normal investment practice by the Public Investment Corporation. The PIC buys bonds to the tune of billions of rands every week, every year. These bonds are issued by Transnet, the Development Bank of Southern Africa, Eskom and government more generally, including South African National Roads Agency Limited. Part of its mandate and mandated investment strategy is to invest in bonds, which are a safe investment instrument, as hon Singh is very aware.
There was no attempt to hide anything from the appropriations committee. If you had asked who invested in Sanral, I am sure the officials present would have given you the information. There is no reason for us to hide something that's open, public knowledge. The financial formula that we found to solve the problem around the toll road has nothing to do with bail-outs of the PIC or anybody else but is a genuine attempt on the part of government to reduce the burden on citizens and make a financial contribution from other taxes, as I will point out later today on this matter. On the question of other toll roads, that's an issue the Minister of Transport will address.