PhD (Public Management and Governance), North-West University, Vanderbijlpark Campus Since the introduction of public-private partnerships in South Africa’s toll road subsector in the late 1990s, the government has had some degree of relief in the financing, designing, constructing, operating and maintenance of the infrastructure for the toll road concessions investigated (namely the N3, N4 and N1N4 toll roads). In ensuring that the forms of risks mentioned above are transferred to the concessionaires, the government adopted the design, construct, finance, operate and maintain (DCFOM) model, as this model protects the government against risk exposure. However, the findings show that the structure of the current model cannot remain the same if the existing concession contracts are extended or new private partners are found at the end of the current concession period. This study proposed a suitable model (improve, finance, maintain, operate and transfer (IFMOT)) for all three of the concessions examined. Under this model, the study developed a risk sharing structure of which the government and Concessionaires can share the design and finance risks on an equal basis and leave maintenance and operate risks at the hands of Concessionaires. As the measures of best practices, transparency and accountability were found to be lacking by other stakeholders. This is because they want to determine whether the toll road concessions examined provide value for money. The concern raised was on how SANRAL and concessionaires conduct themselves when giving an account of their activities to the public, and the amount of information given to all other stakeholders. In terms of the oversight role on toll road concessions, it was discovered that the Standing Committee on Finance should support both the Portfolio Committee on State-Owned Enterprises and the Standing Committee on Public Accounts (SCOPA) in order to improve their oversight capacity on financial matters. The reason for this is that the executive authority, SANRAL and concessionaires are not being held accountable for their actions regarding the toll road concessions that were studied, especially on matters relating to finance (revenue, profit, expenditure, etc.), hence the inclusion of the Standing Committee on Finance. Another important factor established is that the SANRAL and National Roads Act, No. 7 of 1998, empowers SANRAL by giving it too much power. There is also a need to establish a dedicated traffic police to deal with traffic transgressions, crime and riots in order to reduce the workload of South African Police Services and South African National Defence Force especially during protests along the toll road concessions being investigated. Exploratory research was used to gain new knowledge about the toll road subsector, and participants were drawn from national government departments, state-owned enterprises, concessionaires, businesses, civil society groups, trade unions and political parties. The study is qualitative in nature and relied on both primary and secondary data. In terms of data collection, this study used interviews and open-ended (particularly semi-structured) questions were used. A large number of documents were also reviewed to assist in the capturing of important information in this research. Doctoral