Categories: Stories

Unpaid $116 billion puts Bulawayo in dilemma

The Bulawayo City Council, which is now owed more than $116 billion by residents and government departments, is facing a dilemma about how to recover its money.

A number of incentives it has introduced have so far borne little fruit. It offered ratepayers a 10 percent discount for those who paid up their debts but very few ratepayers took advantage of the offer.

The council tried to hire private debt collectors but the seven companies that applied were not suitable.

The council was owed $30 billion by government departments at the end of January. This was a slight increase from $26 billion at the end of last year.

Individual ratepayers owed the council $86.4 billion up from $71.3 billion in December.

The council had a good start this year, collecting revenue of $43.1 billion in January while spending only $17.5 billion.

 

(53 VIEWS)

Don't be shellfish... Please SHARE
Google
Twitter
Facebook
Linkedin
Email
Print

Charles Rukuni

The Insider is a political and business bulletin about Zimbabwe, edited by Charles Rukuni. Founded in 1990, it was a printed 12-page subscription only newsletter until 2003 when Zimbabwe's hyper-inflation made it impossible to continue printing.

Recent Posts

Top 20 countries in debt to China- Zimbabwe is not one of them

Ten African countries are amongst the biggest debtors to China, but Zimbabwe is not among…

May 1, 2024

Is Zimbabwe now on the right track?

The Reserve Bank of Zimbabwe’s Monetary Policy Committee, which met on Friday last week, says…

April 30, 2024

Watch: RBZ governor warns those selling ZiG at 20:1 could be buying it at 10:1 in June

Zimbabwe’s new currency further weakened to 13.4407 to the United States dollar today down from…

April 29, 2024

US loses its place as most influential power in Africa to China

The United States lost its place as the most influential global power in Africa last…

April 27, 2024

Zimbabwe central bank chief says street forex dealers cannot destabilise the ZiG

The Reserve Bank of Zimbabwe governor John Mushayavanhu says street money changers who cash in…

April 26, 2024

Zimbabwe International Trade Fair plans to turn exhibition centre into commercial complex

The Zimbabwe International Trade Fair (ZITF) has announced an ambitious long-term plan to turn the…

April 25, 2024