Bulawayo council drowns in debt

Bulawayo council drowns in debt
Published: 22 September 2017
Bulawayo City Council (BCC) is in a serious financial crisis amid indications that the local authority is failing to service a debt of over $168 million, a development that has deeply affected service delivery.

A financial statement review prepared by the council's financial director Kimpton Ndimande showed that BCC, owed $162m by ratepayers, was failing to meet its financial obligations.

The local authority owed creditors such as the National Social Security Authority, Municipal Provident Fund, the Zimbabwe Manpower Development Fund, TelOne, Zesa, financial institutions, workers, among others, $168m as at July 31.
- newsday
Tags: Bulawayo,

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