Public Comment Open On City Plans For New Loan

South African Rand coins are seen in this photo illustration taken September 9, 2015. REUTERS/Mike Hutchings/File Photo

In accordance with section 46(3)(a)(i) and (ii) of the Local Government: Municipal Finance Management Act (No.56 of 2003), read in conjunction with section 21A of the Municipal Systems Act (No. 32 of 2000), the City of Ekurhuleni Metropolitan Municipality (the City) hereby makes public an information statement setting out particulars of proposed long-term debt that the City intends to incur. The salient features of the debt are as follows:

Amount of proposed debt

Up to ZAR 3,600,000,000

Purpose of proposed debt Capital expenditure on property, plant or equipment to be used for the purpose of achieving the objects of the City Of Ekurhuleni
Maturity of proposed debt

Up to 15 years

Proposed repayment of debt

Coupon (fixed / floating interest rate) will be payable semi-annually in arrears.

Anticipated total cost The anticipated total cost in connection with the proposed debt over the repayment period can only be determined at a later stage.
Security to be provided

None

INVITATION FOR PUBLIC COMMENTS

The City invites written comments or representations from the public, National Treasury and the Gauteng Provincial Treasury in respect of the proposed debt. Comments should be directed to:

Thato Matsafu,Divisional Head: Treasury, City Of Ekurhuleni, P.O. Box 66, Benoni, 1500.

Or emailed to Thato.Matsafu@ekurhuleni.gov.za

This notice will also be published in CoE’s libraries, website and the Customer Care Centre’s (“CCCs”).

The closing date for receipt of comments or representations is the 30 August 2018.

Any person who cannot write may come during office hours to the 4th Floor, Office 407, 68 Woburn Avenue, Benoni, where assistance in transcribing that person’s comments or representation will be given. Any enquiries relating to the above should be directed to Thato Matsafu on Tel No: (011) 999 6010.

Dr. Imogen Mashazi, City Manager, City Of Ekurhuleni, 2nd Floor, Head Office Building, Corner Cross and Roses Streets, Private Bag X1069, Germiston, 1400

10 August 2018
Notice 11-2018

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