Ratepayer owes municipality R1m, but will benefit from debt incentive scheme

A ratepayer in Bonnie Doon, East London, owes the Buffalo City municipality more than R1m even though the home has been unoccupied for more than a year.

Economists are not predicting the Reserve Bank will raise interest rates any time soon.
Economists are not predicting the Reserve Bank will raise interest rates any time soon. (Reuter)

A ratepayer in Bonnie Doon, East London, owes the Buffalo City municipality more than R1m even though the home has been unoccupied for more than a year.

In a pre-termination notice seen by DispatchLIVE, the resident’s arrears were stated as R1,003,235.27.

The amount has accumulated from October 2017.

 



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