uMhlathuze Municipality announces R90?mln surplus

2012-10-12 00:00

THE uMhlathuze Municipality announced this week that it has a surplus of R90 million because of improved collection policies and tighter fiscal control.

City mayor Elphas Mbatha congratulated the council, thanking the various portfolio committees and administration after accepting the audited August financial results.

“It has been a very good year. I want to thank all the departments for adhering to, and implementing financial controls,” said Mbatha.

Speaking to The Witness, the city’s chief financial officer, Mxolisi Kunene, thanked city residents for paying their bills.

“My office would like to thank residents for paying their accounts on time. Comparatively speaking, the council is in a much better position than it was in 2011, although the council is not quite where I would like it to be.

“We have managed to control the deficit and recover money owed to us, while simultaneously we are successfully managing the repayments on our loans,” said Kunene.

He said uMhlathuze’s collection “is the best in the country” at an astounding 98%.

“Our credit control works as we have mechanisms in place such as restricting the purchasing of electricity. This makes residents come to the municipality and pay their bills, or negotiate with the council for favourable terms to repay their debt,” said Kunene.

He said the terms negotiated are favourable to residents as the council would rather collect the debt over a longer period than not at all.

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