How residents can find out if they qualify for City of Cape Town's R2,2 billion debt write-off initiative
As at 30 June 2025, the annual collection ratio result was 97,83%, however, the City says the debt write-off initiative is to offer economic relief for qualifying residents facing hardship and also to enhance the financial sustainability of the metro.
The debt remission is for municipal debt outstanding for periods prior to and including 30 June 2024.
Council has approved debt relief for qualifying customers who own residential properties valued between R450 000 and R7,5 million.
Indigent properties with zero valuation, income-based indigent customers, those on pension and social grants, as well as various institutions such as cemeteries and crematoria, non-profit organisations, animal shelters, accommodation for the vulnerable, local community museums, old age homes, public benefit organisations, social housing, and youth development organisations could also benefit.
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How residents can find out if they qualify for City of Cape Town's R2,2 billion debt write-off initiative
The City of Cape Town has approved a massive R2,2 billion debt write-off for qualifying residents as part of its 2025/26 budget. As at 30 June 2025, the annual collection ratio result was 97,83%, however, the City says the debt write-off initiative is to offer economic relief for qualifying residents facing hardship and also to enhance the financial sustainability of the metro. The debt remission is for municipal debt outstanding for periods prior to and including 30 June 2024. Council has approved debt relief for qualifying customers who own residential properties valued between R450 000 and R7,5 million. Indigent properties with zero valuation, income-based indigent customers, those on pension and social grants, as well as various institutions such as cemeteries and crematoria, non-profit organisations, animal shelters, accommodation for the vulnerable, local community museums, old age homes, public benefit organisations, social housing, and youth development organisations could also benefit.
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