Sanral CEO Reginald Demana resigns

South African National Roads Agency (Sanral) CEO Reginald Demana has resigned and will leave the organisation at the end of August, the agency announced to noteholders in a JSE Sens filing on Thursday.

Demana joined in January 2023, so is not fulfilling his full term. Sanral said in the Sens that he tendered his resignation “in order to take up a new opportunity that aligns with his long-term career ambitions”.

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While Demana did bring some stability to Sanral, the agency has continued to face tender troubles and other challenges over recent years.

“The board thanks Mr Demana for his service and contribution to Sanral and wishes him well in his future endeavours,” said the agency.

Sanral said its board “will begin the recruitment process for a new CEO and will announce an acting CEO [shortly] while that process underway”.

“A further announcement will be released once the board has appointed an acting CEO, which will be no later than 17 July 2026, to support a smooth handover and transition between Mr Demana and the acting CEO

According to Sanral, during his tenure “Demana played a key role” in the following areas:

• Sanral made significant progress on strategic infrastructure projects, including the R573 Moloto Road, N2 Wild Coast Road, N2-N3 KwaZulu-Natal upgrades, N2 Corridor in Mpumalanga and N1 South Corridor. These projects traverse both toll and non-toll road portfolios.
• The resolution of the Gauteng Freeway Improvement Project (GFIP) e-toll issue, which resulted in a significant improvement in Sanral’s balance sheet, largely due to the government’s decision to absorb all the GFIP/e-toll related debt.
• Approval of an increased borrowing limit of R16.5 billion for Sanral up to 31 March 2028, including a R7 billion government-guaranteed New Development Bank facility. This was key to unlocking funding capacity for toll portfolio capital investment and previously constrained capital projects.