INFORMATION STATEMENT REGARDING THE RAISING OF EXTERNAL FINANCING OF R303.3 MILLION – CAPITAL PROGRAM
The purpose of this information statement is to obtain comments from the public, National Treasury and Provincial Treasury regarding the anticipated raising of external loans of R303 367 500 for financing of a portion of The
Municipality’s 2022/2023 capital expenditure program.
The Municipality intends to enter into a borrowing agreement to finance the
purchase of several vehicles, plant and infrastructure assets as part of the capital expenditure program for the 2022/2023 financial year. The assets are needed to ensure sustainable service delivery. The Municipality has already
approved the capital program for the 2022/2023 financial year during the approval of the budget on 30 May 2022.
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