INFORMATION STATEMENT: INTENTION TO INCUR LONG-TERM DEBT
Notice is hereby given in terms of Section 46 of the Municipal Finance Management Act that the Witzenberg Municipality intends taking up an external loan amounting to R3,5 million to fund certain capital projects in the 2018/2019 Capital Budget.
Particulars of the proposed debt are as follow:
Amount of Debt to be incurred: R 3 500 000
Purpose for which the debt is to be incurred:
• Procurement of Various Vehicles
Security to be provided: None
Details of the proposed loan are available on the municipal website: www.witzenberg.gov.za and are available for public inspection and inputs until 30 November 2018.
Municipal ManagerLast published 22 November 2018