City of Cape Town owed nearly R10bn in unpaid rates and bills by residents
Mar 7th, 2019 Sandisiwe Ntlemeza 410 Views
The City’s finance directorate sent a report to the finance portfolio committee that it was owed R7.846bn by households and a further R1.513bn by businesses, with other outstanding debt totalling nearly R500million.
“The water crisis had a huge impact on the collection ratio and the City’s debt, which increased significantly since the punitive tariffs were implemented,” the report read.