Cape Town residents who have outstanding debt older than 1 July 2018 have until 30 June 2022 to apply for the City of Cape Town’s debt write off incentive.
According to the City, they have written off more than R2 billion in old debt, conditional on residents entering into a payment arrangement for their more recent debt.
They City says it has evaluated many cases according to their individual circumstances and the policies the City has in place. Thus far, in the current financial year, the City has assisted residents with no-interest payment arrangements to the value of approximately R1,3 billion.
City’s mayoral committee member for Finance, Councillor Siseko Mbandezi, said they want to encourage all residents who find themselves in a difficult financial position to approach them for assistance. “The City’s debt management is a carefully managed process and all debt management actions are in place to protect the municipality’s sustainability and stability so that we continue to offer world-class services.
“Our debt write-off incentive has been carefully budgeted and planned for and its aim is to write off the old debt of those who qualify, and to encourage the payment of current debts,” he said.
He adds that this creates more certainty and ensures that the City is healthy enough to provide services to residents.
More about the debt write-off incentive
• Customers are required to enter into a debt payment arrangement.
• Outstanding debt older than 1 July 2018 will then be written off.
• This incentive is available until 30 June 2022.
The City also offers Pensioner Rates Relief where pensioners over 60 years and people who receive social grants earning not more than R17 500 may qualify for a rates rebate of between 10% and 100%.
Visit City’s website for more information on the debt write-off incentive
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