E Cape municipality to write off R200m

2010-11-03 16:45

Johannesburg - The Nelson Mandela Bay municipality in the Eastern Cape will write off arrears of about R200m through its debt relief programme, it said on Wednesday.

The municipality had already written off R52.7m in June to assist account holders with debt older than five years, spokesperson Ongama Mtimka said in a statement.

The programme would relieve struggling account holders of "burdensome" debts and improve debt collection.

"The programme was primarily aimed at converting slow payers into good payers," he said.

Phase one of the debt relief programme entailed an automatic once-off write-off of 100 percent of interest and 50% of domestic arrears in excess of five years, Mtimka said.

The second approach was based on an application.

Assistance would be given to people according to their specific circumstances.

"This intervention, that has already started, is designed to assist any account holder, excluding assistance to the poor (ATTP) beneficiaries, proven to meet the prescribed set of rules," Mtimka said.

"The beneficiaries of the once-off write-off may apply for this option as long as they meet the pre-set rules and their arrear debt situation remains desperate."

The municipality was currently visiting communities to explain this programme and motivate qualifying account holders to apply, Mtimka said.

The municipality believes the programme will ultimately improve their debt collection rate.

Non-profit organisations in the area owed the municipality about R5m by April this year.

- SAPA
Read more on:    local government
SHARE:

Read News24’s Comments Policy

 

Inside News24

 
/News
 

This is what South Africans Googled in 2014!

Find out who and what South Africans were most curious about in 2014!

 
 

I love summer.24

This hilarious song is your new holiday anthem
The world's least visited destination is breathtaking!
LOL treadmill fail!
Google’s top searches of 2014

Jobs in Cape Town [change area]

Property [change area]

Travel - Look, Book, Go!

Kalahari.com - shop online today

2DAYS ONLY – 30% off Appliances

Coffee makers, blenders, fans, juicers and more. T&Cs apply. Shop now!

2 DAYS ONLY – 40% off books

Get 40% off when you buy 2 books. For two days only! T&Cs apply. Buy now!

Up to 50% off on outdoor gear

Save on chairs, blankets, cooler bags, umbrellas and more. Shop now!

Save on Samsung

Cameras, mobile phones, TVs, Tablets and more. While stocks last. Shop now!

Grand Theft Auto 5

Now available on PS4, Xbox One and PC from R649. Buy now!

OLX Free Classifieds [change area]

Samsung Galaxy s4

Mobile, Cell Phones in South Africa, Western Cape, Cape Town. Date October 24

Best bargain in big bay

Real Estate, Houses - Apartments for Sale in South Africa, Western Cape, Cape Town. Date October 25

VW Golf 6, 1.6 Trendline (Excellent condition)

Vehicles, Cars in South Africa, Western Cape, Cape Town. Date October 25

Horoscopes
Aquarius
Aquarius

Any chance to explore the distant shores of things yet to be found will fascinate you. The challenge is dealing with the issues...read more

There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.








Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.