Wednesday, April 29, 2009

Council writes off R100 mln - AGAIN

The Witness: "Council writes off R100 mln"
Msunduzi councillors voted to write off debt of more than R100 million at a special full council meeting on Wednesday.

The write-off of irrecoverable debts amounts to just more than R293 million in two years. In August 2006, the municipality approved the write-off of R184 million in arrears and this week R109,6 million was written off.

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