Debt bill due to City of Cape Town: R7.5 billion for rates and services | News24

Cape Town residents and businesses owe the City of Cape Town R7.5 billion in rates and services. ever, the City has a payment ratio of about 97%, meaning most ratepayers are able to pay their accounts.

"There is an increase of R248.5 million in our total debt for April 2022 in comparison to March 2022, due to an increase in the debts in the categories 60 days, 90 days, 150 days and greater than 150 days, as well as increased billings," said mayoral committee member for finance Siseko Mbandezi. It said the relevant departments were being engaged to settle the accounts in arrears and monthly meetings had been scheduled with the relevant departments and the provincial treasury.

Source: Loan Digest (loandigest.net)

MarvinCharles_ Where is DA now. Tha party that always critisize black government or anything that black people do. Lets hear them comment on this one

MarvinCharles_ DA gets things done = 7.5 billion ✅

MarvinCharles_ That is not possible in the CoCT because my experience is the city issues letter of demand and threatens to blacklist customers when you skip 1 date of payment.

CapeTown MarvinCharles_ And where exactly will that money go? This should be interesting.

MarvinCharles_ Not surprising. Many customers haven't received accounts for months and still haven't. Apparently the city's accounts system collapsed.

MarvinCharles_ Imagine what the City could do with the cash if everyone settled their bills TODAY, at once

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