Breaking News

BCC owed more than $92 million

by Staff reporter
12 February 2013 | 2389 Views
BULAWAYO City Council is now owed more than $92 million by Government, industries and residents.

According to the latest council report, the local authority is owed $92,6 million by various Government ministries, industries and commerce as well as residents as at 31 October 2012 up from $80 million  the previous months.

The largest debtors to the council are residents who owe the local authority $63,6 million while commerce and industry owe about $23 million. Different Government ministries have a combined debt of about $6 million.

On the other hand the local authority owes its service providers more than $70 million as at 30 October.

The city's largest creditor is the country's power utility, Zesa, which is owed about $23 million.

The other service providers owed by the council include its employees, who are owed about $7 million in outstanding salaries, Zimbabwe Revenue Authority (Zimra), which is to be paid another $7 million and Local Authority Pension Fund (LAPF), which should be paid $20,5 million arrears.

BCC is also indebted to financial institutions to the tune of about $5,2 million while their medical aid society is owed about $4 million.

According to the report, the city council managed to raise about $9,7 million for the month of November and was $6,1 million shy of the intended target of $15,8 million.

Capital expenditure for the month of November amounted to about $1,5 million which was 2.8 percent of the total capital budget of about $53,9 million for the year 2012.

However, the Government and BCC recently reportedly reached an agreement over the former's indebtedness to the local authority, which would see council being relieved of its tax obligation.

The agreement will see the debt being offset as Government's inter-parastatal and local authority debt strategy.

In the past, the local authority has been in serious financial problems.

At one point they were faced with a possibility of losing the Tower Block and Revenue Hall after Kingdom Bank demanded their title deeds when the local authority failed to repay a $5,7 million loan that was meant for the payment of salaries and purchase of top of the range vehicles for senior officials.




They also considered the retrenchment of 1 049 workers with some having to endure salary and allowance cuts.

BCC recently announced that it had applied for a licence to mine gold at its Aisleby farm and it is prospecting for the mineral at two other farms in a bid to boost its revenue.

BCC

Source: TC

Do you agree that foreskins of circumcised men could be used for witchcraft?

Yes
52.86%
No
15.24%
Hogwash
31.9%
210

Comments

News Updates

Email:

Latest News

Face to Face with Walk Against Litter man - Fungai Chiposi

by Staff reporter | 24 July 2014 | 104 Views

Jonathan Moyo fails to report to police - Information minister Jonatha...

by Tichaona Sibanda | 24 July 2014 | 1377 Views

Parliament budget unit to be established before end of year - Before t...

by Staff Reporter | 24 July 2014 | 250 Views

Mugabe launches teachers' capacity development programme

by Staff Reporter | 24 July 2014 | 783 Views

Accident waiting to happen, BCC do something - WhatsApp updatye

by Concerned Citizen | 24 July 2014 | 912 Views

What's the farce about Tsvangirai UK trip - Quite puzzling is the exci...

by Gugugu Magorira | 24 July 2014 | 828 Views

Use Right To Demonstrate Productively and Focus on the Dictatorship - ...

by Makusha Mugabe, Information and Publicity Secretary - MDC UK Midlands North | 24 July 2014 | 409 Views

'Zim banks have no capacity to fund mines,' says BAZ - THE banking sec...

by Oliver Kazunga | 24 July 2014 | 332 Views

Murderer gets a wholly suspended sentence for poisoning his son - A 25...

by Staff reporter | 24 July 2014 | 1122 Views

Mnangagwa backs harsh minimum mandatory sentence for rapists - Justice...

by Staff reporter | 24 July 2014 | 944 Views

Finally, Chingoka quits Zimbabwe Cricket - In what most people would w...

by Staff Reporter | 24 July 2014 | 2098 Views

Chaos at Renkini bus terminus - WhatsApp update - 11:44am, 24 Jul - ...

by Concerned citizen | 24 July 2014 | 4239 Views

MDC-T Joburg District endorses Tsvangirai and Khupe - Press release 2...

by Lft Gen Simbarashe Mujeye | 24 July 2014 | 1678 Views

Why Zimbabwe has failed - The promise by ZANU (PF) to empower and deve...

by Vince Musewe | 24 July 2014 | 1439 Views

Newly appointed Zimpapers editor dies - Newly appointed Zimpapers and ...

by Staff Reporter | 24 July 2014 | 5141 Views

Scientists 'delete' HIV from human cells - Once HIV conquers a human c...

by Staff reporter | 24 July 2014 | 4569 Views

'Thieving goblin raping man and ruining his business' - Apparently a t...

by Staff reporter | 24 July 2014 | 2628 Views

'Robert Mugabe out of touch,' says Chamisa

by Staff reporter | 24 July 2014 | 2344 Views

Tendai Biti wants rand to replace US dollar

by Staff reporter | 24 July 2014 | 3909 Views

Zimbabwe diamonds stolen in Dubai - A parcel of Zimbabwe diamonds wort...

by Staff reporter | 24 July 2014 | 2064 Views

UK demo awaits Tsvangirai

by Staff reporter | 24 July 2014 | 1747 Views

Baba Jukwa saga, police summon Jonathan Moyo

by Staff reporter | 24 July 2014 | 3809 Views

Mugabe can sue if hurt

by Staff reporter | 24 July 2014 | 1879 Views

Zanu-PF war looms - ZANU-PF yesterday said the posts of second vice-pr...

by Staff reporter | 24 July 2014 | 2075 Views

Prophets drags NewsDay to court, demands $20 million - PROPHETIC Heali...

by Staff reporter | 24 July 2014 | 1812 Views

Entertainment

Carl Joshua Ncube to tour with brand new material - The brand new stan...

by Staff Reporter | 24 July 2014 | 488 Views

Macheso gears up for UK tours - In an apparent joint preparation for t...

by Entertainment reporters | 23 July 2014 | 1287 Views

DJ Munya is back - After a two-year hiatus, DJ Munya - real name Munya...

by Entertainment Reporter | 23 July 2014 | 2127 Views

White guy plays chitekete - https://www.youtube.com/watch?v=kp16XF-Tcf...

by Staff Reporter | 23 July 2014 | 3092 Views

Beyonce and Jay Z to separate - claims - Jay Z and Beyonce are reporte...

by Staff reporter | 22 July 2014 | 3321 Views

No talent is meant for the grave, Dr Nkomo Commemoration - The prepara...

by Nokutula Ncube | 22 July 2014 | 1024 Views

Miss Curvy dinner flops

by Yeukai Karengezeka | 21 July 2014 | 5168 Views

'He's going to be in trouble once I die' says DJ Cleo's father - 64-ye...

by Staff reporter | 20 July 2014 | 5628 Views