Breaking News

BCC owed more than $92 million

by Staff reporter
12 February 2013 | 2767 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

Should Miss World Zimbabwe have been dethroned?

Yes
31.02%
No
64.54%
Not sure
4.43%
361

Comments

News Updates

Email:

Latest News

Botswana has 1,2 % foreigners in its Civil Service

by Staff Reporter | 04 August 2015 | 380 Views

Zanu PF apologist condemns Sibanda but only now the thug is 'a loose cannon'!

by Patrick Guramatunhu | 04 August 2015 | 523 Views

Sunday Mail new editor under-fire

by Thobekile Zhou | 04 August 2015 | 1098 Views

Mambare begs Dembare supporters to be patient

by Thobekile Zhou | 04 August 2015 | 843 Views

Woman spots 'stolen' clothes on Facebook

by Anna Cox | 04 August 2015 | 1624 Views

'Baba Jukwa' booted out

by Staff reporter | 04 August 2015 | 1794 Views

Woman drags hubby's small house to court

by Staff reporter | 04 August 2015 | 1637 Views

Tribalism is trivialism

by Nick Mangwana | 04 August 2015 | 1592 Views

Dube replaces Pasuwa

by Sports reporter | 04 August 2015 | 1852 Views

Road accidents kill nine

by Nqobile Tshili and Adelaide Moyo | 04 August 2015 | 2122 Views

Nun's indecent picture of shame

by Faith Mabuto | 04 August 2015 | 3212 Views

Man produces fake payslip to avoid maintenance

by Staff Reporter | 04 August 2015 | 1254 Views

Cops launch blitz on kombi crews

by Staff reporter | 04 August 2015 | 1326 Views

Unpaid hooker bash cop in public

by Staff Reporter | 04 August 2015 | 2310 Views

Malema fraud and corruption case struck off the roll

by Staff reporter | 04 August 2015 | 1292 Views

My wife must give my lobola back!

by Staff reporter | 04 August 2015 | 2597 Views

Mugabe comes clean: I screwed up

by Gerhard Jacobs | 04 August 2015 | 3965 Views

Mujuru turns down Mugabe, Zanu-PF

by Staff reporter | 04 August 2015 | 4607 Views

Zanu-PF demo against Wadyajena flops

by Staff reporter | 04 August 2015 | 1917 Views

Chinese experts jets in for mega deals

by Staff reporter | 04 August 2015 | 1029 Views

Life imprisonment unconstitutional

by Staff reporter | 04 August 2015 | 911 Views

Mass protests loom over job cuts

by Staff reporter | 04 August 2015 | 1571 Views

Chihuri claims credit for stopping MDC-T

by Staff reporter | 04 August 2015 | 1305 Views

Bredenkamp in trouble over $3.8m Yakub debt

by Staff reporter | 04 August 2015 | 805 Views

Zimbabwe economic intelligence in foreign hands

by Staff reporter | 04 August 2015 | 1075 Views

Air Zimbabwe secures fuel

by Staff reporter | 04 August 2015 | 676 Views

Clueless lamentation of a War veteran

by Caitlin Kamba | 04 August 2015 | 1719 Views

Headmaster tortures 94 students for not paying fees - ZIMRIGHTS

by Staff Reporter | 04 August 2015 | 1249 Views

Govt wont backtrack on urban-tollgates - Min Mpofu

by Staff Reporter | 04 August 2015 | 1314 Views

Another US hunter 'kills' lion in Zimbabwe

by Thobekile Zhou | 04 August 2015 | 1762 Views

Entertainment

Rebecca Malope has been married for long but no one knows

by Staff Reporter | 04 August 2015 | 4245 Views

Singer Daniel Jenkins says no to date rape

by Zororo Makamba | 04 August 2015 | 1219 Views

Rapper's wife caught cheating

by Staff reporter | 03 August 2015 | 7200 Views

Thokozani Langa consoles Mtshengiseni Gcwensa's familly

by Staff Reporter | 01 August 2015 | 3449 Views

Stand-up comedy on the rise in Bulawayo

by Staff reporter | 01 August 2015 | 2516 Views

Heavy K expected in Bulawayo

by Staff reporter | 01 August 2015 | 2303 Views

Gwanda gospel music extravaganza confirmed

by Staff correspondent in Pretoria South Africa | 29 July 2015 | 3960 Views

Zim music industry dead - Prof Moyo

by Staff Reporter | 29 July 2015 | 5353 Views
iBlog

Tb Joshua Worst Enemy Angelique Tonge Exposed

About two years ago, we came out emphatically about those behind the t.b joshua watch. many were those who thought we were framing innocent people up or on a witch hunt. some events have vindicated us and the cat is out of the bag. it is said that no... Read More
pointblank 01 May 2015 ago

Hp Omen 15-5116tx – The Next Generation Gaming Laptop

the hp omen 15-5116tx is being targeted at the performance hungry gamers. it comes in a single variant boasting an eye-catching attractive design. the notebook offers a slim, lightweight chassis and appears like a piece of art than an actual gaming... Read More
Sergey 11 June 2015 ago