Blacklist warning for property owners in Joburg
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GUEST – Tebogo Moraka, Group Chief Financial Officer for the City of Johannesburg
The City of Joburg has issued a warning to all defaulting residential property owners and businesses that it will soon start blacklisting them to recover debts owed.
The city said that it is facing a growing municipal debt bill exceeding R52 billion, of which, R40 billion is due by thousands of residential property owners and businesses.
It said it also intends to invoke its Credit Control and Debt Collection Policy by reporting defaulting payers to appropriate Credit Bureaus.
Tebogo Moraka, Group Chief Financial Officer, said the city has set up a Specialised Revenue Collection Team, which will specifically target these defaulting payers across the city, and try to recoup the monies owed.
The City of Joburg has issued a warning to all defaulting residential property owners and businesses that it will soon start blacklisting them to recover debts owed.
The city said that it is facing a growing municipal debt bill exceeding R52 billion, of which, R40 billion is due by thousands of residential property owners and businesses.
It said it also intends to invoke its Credit Control and Debt Collection Policy by reporting defaulting payers to appropriate Credit Bureaus.
Tebogo Moraka, Group Chief Financial Officer, said the city has set up a Specialised Revenue Collection Team, which will specifically target these defaulting payers across the city, and try to recoup the monies owed.