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N$6.4 MILLION WRITTEN OFF ON INTEREST AMNESTY SINCE 2014

Posted: 23 Jun 2023

During the last council meeting, Chairperson of the Management Committee, Cllr Richard Hoaeb, announced that a total of N$6.4 million was written off against the settlement of capital balance of N$31 million from the time it was introduced in 2014.
The interest amnesty was introduced with the aim to assist customers who are struggling to settle their municipal bills.
The interest amnesty exercise is NOT aimed at writing off the capital debt of customers but merely aimed at having the interest accrued to such capital pardoned whenever the capital debt is settled in full or partially within the amnesty period.
The interest amnesty period for the current financial year is currently open and will lapse on 30 June 2023.