Public Notices

Notice 3-2018

By Christel 396

CITY OF EKURHULENI METROPOLITAN MUNICIPALITY
INFORMATION STATEMENT

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 (theCity) hereby makes public an information statement setting out particulars of proposed long-term debt that the City intends to incur under its Domestic Medium Term Note. The salient features of the debt are as follows:

Amount of proposed debt

Up to ZAR 2,500,000,000

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) and capital 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 the City’s libraries, website and the Customer Care Centres (“CCC”)

The closing date for receipt of comments or representations is the02 May 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

11 April 2018
Notice 3-2018