The City notes the repeated inaccurate mention of R1 billion “over-recovery” in water and sanitation income.
The article, “City coins it from punitive water tariffs: R1bn flows into City coffers in last financial year in over-recovery” (Cape Argus, August 20), is false.
The DA-run City of Cape Town is laughing all the way to the bank, as its punitive water tariffs continue to swell City coffers.
It raked in close to R1 billion in the last financial year and now a further R210 million for water and R42 million for sanitation has been over-recovered in July alone.
The over-recovery amounts are contained in the City’s July financial monitoring report. July 1 was the start of the City’s 2018/19 financial year. - excerpt from this article
The amount is about R210 million - billed revenue owing to the City. If the R210m is finalised as actual cash, it will go towards water and sanitation provision. There is a shortfall in revenue due to reduced water consumption and sales.
Finally, money not required to be used for Day Zero is a positive outcome. There is no “over-recovery” of funds.
* Xanthea Limberg, Mayco member for informal settlements, water and waste services and energy.
** The views expressed here are not necessarily those of Independent Newspapers.