Some excellent news for Joburg ratepayers in arrears

Debt amnesty comes into stop from 1 Might presumably maybe 2021 and residents can apply for discount besides 31 July.

On Wednesday town of Johannesburg launched it had permitted an improved debt discount programme that may consist of additional debt discount measures for property house owners whose municipal accounts procure fallen into arrears as a outcomes of the Covid-19 pandemic.

Johannesburg MMC for finance Jolidee Matongo talked concerning the improved programme will find qualifying ratepayers obtain fast discount by a 50% debt write off – with an additional write-off on the excellent debt over a 3-year size for people who observe the stipulations of the leisure programme.

The amnesty comes into stop from 1 Might presumably maybe 2021 and residents can apply for the debt rehabilitation programme besides 31 July 2021.

The programme’s fashionable discount measures procure additionally been extended to assist puny businesses, places of cherish and non-profit organisations with a putrid income of not further than R3 million.

The revamped debt rehabilitation programme which grants amnesty for accounts is for a restricted size.

“City subsequently encourages qualifying residents and entities who had been financially strained as a outcomes of the Covid-19 pandemic to make use of within the  outfitted discount to replace their municipal accounts,” Matongo talked about.

ALSO READ: Joburg approves R446m in property charges discount for struggling prospects

A write-off shall be outfitted on situation the memoir holder settles the memoir in chunky as follows:

  • Month-to-month putrid income from all actions from R22,001 to R30,000 – 30% write-off of the debt above 90 days shall be outfitted. All curiosity and penalty prices shall be reversed.
  • Month-to-month putrid income from all actions from R30,001 to R40,000 – 20% write-off of the debt above 90 days shall be outfitted. All curiosity and penalty prices shall be reversed.
  • Month-to-month putrid income from all actions from R40,001 to R50,000 – 10% write-off of the debt above 90 days shall be outfitted. All curiosity and penalty prices shall be reversed.
  • Above R50,000, all prices (akin to disconnection prices) and curiosity shall be reversed.

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