n IMFO : Official Journal of the Institute of Municipal Finance Officers - Incentive plan to improve Tshwane's cash flow

Volume 6, Issue 3
  • ISSN : 1607-520X



Extracted from text ... 46 IMFO ? Fall 2006 Tshwane Metro has come up with a plan to improve its cash flow and recoup debt of R1.1-billion outstanding for longer than 120 days. It involves discounts for fully paid-up residents at selected retail outlets and regular prizes, including high value consumer goods. Earlier this year, the Auditor General said in a qualified report on the Metro's finances, that it must work on improving debit collection and shorten the period for collection monies from consumers owed for services. The Auditor General warned that unless this was done, the Metro faces possible cash flow complications ..

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