Extracted from text ... IMFO ? Fall 2006 45
The South African Government has in recent years been
one of the forerunners, strongly advocating the
cancellation of debt for the world's poorest nations. This it
is said, needs a political will, as people are tired of political
and diplomatic talk.
Today, South Africans are facing the same challenges.
Not only is the debt burden owing to Municipalities
choking the life of the poor and needy, but also indebted
indigents who are already in a deep spiral of indebtedness
survival, are being encouraged to make arrangements for
the repayment of the arrear debt. ..
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 ..