Public Notices

Notice 10-2020 Information Statement – Loan 2021

By Super User 668

CITY OF EKURHULENI METROPOLITAN MUNICIPALITY

INTENTION TO INCUR LONG-TERM DEBT

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 (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:

Issuer of debt

City of Ekurhuleni  Metropolitan Municipality

Amount of debt

 

Up to ZAR 1 976 000 000.00

 

Purpose of debt

Capital expenditure on property, plant or equipment to be used for the purpose of achieving the objectives of City of Ekurhuleni Metropolitan Municipality

Term of debt

Not exceeding 15

Repayment of debt capital

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

Anticipated costs

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

Ekurhuleni Metropolitan Municipality 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:    

Tiny Molefe

Senior Manager: Corporate Finance

City of Ekurhuleni Metropolitan Municipality  

P.O. Box 66, Benoni, 1500.

Emailed to Tiny.Molefe@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 02 November  2020.

Any person who cannot write may come during office hours to the 6th Floor, Office 609, 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 Tiny Molefe on Tel No: (011) 999 6530

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

Notice: 10- 2020: 12 October 2020