Outstanding Council bills to attract interest

Talent Gore

THE City of Harare will, with effect from October 31, start charging interest on all outstanding bills.

In a statement yesterday, Acting Council spokesperson, Innocent Ruwende, said the interest charges have been necessitated by the need to preserve the value of money.

“The City of Harare would like to advise its valued ratepayers, residents and stakeholders that it will begin to levy interest on all outstanding balances from the 31st October 2022,” Ruwende said.

“All residents with outstanding balances are, therefore, encouraged to clear their balances before this date or approach Council finance offices for payment plans to avoid the interest charges.

“The interest charges have been necessitated by the need to preserve the value of money so that service delivery can be funded.”

Currently, Council is owed $45 billion by residents and the business community which is a massive increase from last year’s $5 billion.