• The mp3 revolution

    Ian Mann takes a look at the war between digital music and the compact disc.

  • Don't take us for fools

    It's time for businesses to stop thinking consumers are gullible, says Mandi Smallhorne.

  • Losing the plot

    Parastatal leaders have lost focus of what they're supposed to do, says Nonkululeko Gobodo.

All data is delayed
See More

Durban ratepayers owe R1.9bn

Sep 03 2012 09:19

Durban -  Durban rate payers owe the eThekwini municipality R1.9bn in unpaid rates as of June this year, the Mercury reported on Monday.

Business in the city owed R417m with Durban Chamber of Commerce CEO Andrew Layman saying last year's July 1 increase might be the reason businesses were defaulting in their payments.

"If the values of their properties were steeply increased and the rate bill was then unexpectedly large, in some cases more than double what they paid before, they may not have the cash to pay," Layman was quoted as saying in the Mercury.

Government departments were the biggest debtors, owing the city R410m.

The Ingonyama Trust which owes 32% of all land in KwaZulu-Natal reportedly owed R285m.

The trust chaired by King Goodwill Zwelithini consists of traditional land, including the major townships of Umlazi, KwaMashu and Inanda.

The trust was in a legal dispute with the municipality over whether it was required to pay rates.

Durban reportedly charges the highest rates in the country, more than Johannesburg or Cape Town.

*Follow Fin24 on Facebook, Twitter and Google+.




Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Company Snapshot

We're talking about:


Marketing is a big concern in SA's small business community, followed by a lack of confidence and partnering with the wrong people, according to a survey.

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

The 25 basis points interest rate increase is:

Previous results · Suggest a vote