• To do list

    Keep separate lists to ensure your to-dos don't get cluttered and gain stress-free productivity, Ian Mann.

  • Clueless leaders

    Zim's leaders are clueless about managing the economy or leading the nation, says Malcom Sharara.

  • Govt is out of touch

    Journalists seems to know more than those paid to govern us, says Mandi Smallhorne.

All data is delayed
Loading...
See More

Gauteng municipalities owed over R26bn

Jul 11 2012 09:20
Reuters

Johannesburg - Gauteng municipalities are owed more than R26bn, The Star newspaper reported on Wednesday.

Households owed 70% of the debt, businesses 23% and the government 2%, according to the newspaper.

Democratic Alliance local government spokesperson Fred Nel said: "Debt owed to municipalities in Gauteng rose by R4.26bn (19.2%) in the last financial year, between 31 March 2011 and 31 March 2012."

With the debt being older than 90 days, it posed a serious problem since debt that old is not usually recoverable.

The information was sourced from Gauteng provincial gazettes, he said.

The City of Johannesburg was owed more than R11.2bn by the end of the last financial quarter, compared to R8.4bn last year.

The Ekurhuleni metro was owed R8.1bn, up from R7.2bn; the City of Tshwane R3.6bn from R3.2bn, Emfuleni R2.3bn from R1.9bn, and Mogale City R612m.

The West Rand district municipality was owed R8.2m, Randfontein municipality R220m, Lesedi municipality R163m, Westonaria R110m and Midvaal R78m.

Merafong was owed R490m last year. There were no figures for this year, according to the newspaper.

The Sedibeng district municipality was owed the least, R652 000, down from R1.7m last year.

Nel said the DA wanted the SA Revenue Service to look at linking municipal arrears with income tax returns since this would be cheaper than debt collection, The Star reported.

Gauteng local housing MEC Humphrey Mememzi told the provincial legislature in May his department and the provincial treasury were implementing a debt strategy to ensure departments paid their municipal rates and services.

*Find more stories on this and other topics on Facebook and Twitter.


 
sars  |  gauteng  |  municipalities  |  debt

 
 
 

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
4 comments
Comments have been closed for this article.
 

Company Snapshot

We're talking about:

THE DEBT ISSUE

Debt is one of the biggest financial issues facing South Africans today. Find out how you can avoid and manage your debt with Fin24 and Debt Rescue.
 

Money Clinic

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

Voting Booth

Labour’s call for a cap on salary of high earners is?

Previous results · Suggest a vote

Loading...