Homeowners with a combined income of under R22,000 a month, small businesses, non-profit organisations and churches who are in arrears with the City of Johannesburg now qualify for a debt write-off.
Successful applicants will receive a 50% immediate debt write-off. The balance of the debt will be divided into thirds, of which one third will be written off each year for three years.
Where the gross monthly income is more than R22,000, only a percentage of the debt above 90 days will be written off on the condition that the account holders settle the account in full. “It is well known that our customers owe Johannesburg a lot of money in unpaid rates, taxes and services. [However] this government is not unsympathetic to our residents’ financial situation. On the contrary we have put a comprehensive debt rehabilitation programme and rebate structure in place to aid those who are struggling to make ends meet.”• The market value of the residential property or combined properties owned by the applicant must not exceed R2.5m based on the city’s valuation roll.
• Only residential, small business, churches, non-profit organisation, old age homes, orphanages and body corporate account holders may apply.
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