R9.4bn

City of Cape Town being strangled by R9.4bn debt: Cape Town - Businesses and individuals owe the City of Cape Town more than R9.4 billion which includes R1.3bn for indigent properties where the debt is unlikely to be recovered. The City’s finance directorate sent a report to the finance portfolio committee showing it was owed R7.27bn by households and a further R1.48bn by … [Read more...] about City of Cape Town being strangled by R9.4bn debt