It is the intention of the Bitou Local Municipality to finance the capital projects as per attached information statement, which sets out particulars, including the amount of the proposed debt and the purposes for which the debt is to be incurred. No security is to be provided for the loan. The loan will be repaid bi-annually over a maximum period of 10 years at an estimated interest rate of 12.50%, with an estimated annual repayment of R 8,033,292.87 million. The total interest charges over the loan period will amount to R 35,182,928.66. The public is herewith invited to submit written comments or representations to Council in respect of the proposed debt, which written comments or representations must be submitted to the office of the Municipal Manager by not later than Wednesday, the 31st of January 2024 before 12:00.

Mr. Mbulelo Memani 

Municipal Manager 

Bitou Municipality