Council To Be Asked To Approve Multi-Year Tariff Increases
The Nelson Mandela Bay Council will tomorrow be asked to approve multi-year tariff increases for the next three years to the 2017/18 financial year with property rates said to increase by 9.5%, 10% and 10.5% over the period.
The electricity increase will remain static at 7.39% as approved by the National Energy Regulator of South Africa (NERSA).
However, this may change should Eskom apply to NERSA for the tariff determination to be reopened following the announcement by government of a R225 billion bailout for the state-owned enterprise.
In terms of the recommendations by Mayor Ben Fihla to Council, the tariff increase for water will be 13% over each of the next three financial years; 12%, 13% and 13% respectively for sanitation and 11%, 12% and 13% for refuse.
In his report to Council, CFO Trevor Harper states that there are “certain issues that could have significant financial implications for future budgets,” one of which is the need to maintain the collection rate at the targeted figure of 94%.
Others factors include the “adequacy” of budgetary provisions for maintenance and infrastructure backlogs; staffing requirements and the resultant impact on the personnel expenditure rate, and unfunded mandates such as the provision for roads and libraries.
Unfunded mandates are where the metro performs a function on behalf of the province but does not receive adequate financial compensation.
Harper also points to the need to replenish the Capital Replacement Reserve and the final level of bulk electricity and water tariff increases.
With regard to maintenance backlogs, Harper says that executive directors have been handed the task of finalising the “assessment and quantification of all maintenance backlogs in order to address such backlogs within a reasonable timeframe.
“Essential maintenance must be accorded priority and budget provisions must not be reduced in favour of other demands with short-term benefits.”
In terms of the multi-year budget, a total of R2.74 billion has been allocated for repairs and maintenance over the four-year period between the 2014/15 and 2017/18 financial years.- MetroMinutes.
Photo Caption: Nelson Mandela Bay Mayor, Ben Fihla. Photo courtesy of www.myPE.co.za
A total of 13 liquor license applications for on or off-premises consumption or special events for Nelson Mandela Bay were submitted to the Eastern Cape Liquor Board last month.
The Nelson Mandela Bay Council will meet on November 13, according to a communication from the office of Speaker Maria Hermans.
Mandela Bay Development Agency CEO, Pierre Voges, says that within the next two months for a “small social-orientated tenant” to operate the chef school and restaurant in the Tramways Building. In a report to the Economic Development, Tourism and Agriculture (EDTA0 Committee, which meets tomorrow, Voges says the MBDA will also call for expressions of interest “to operate the events space in the building”. The MBDA will occupy most of the building, the renovations for which will be completed towards the middle of next year. Voges notes that the Human Settlements Committee has approved the lease of the building...
Public Works Minister, Thulas Nxesi, says that the South African National Defence Force (SANDF) lease of a rifle range in Summerstrand has been terminated at the request of the landlord.
The Mandela Bay Development Agency has unveiled a bold new plan for the heart of the Port Elizabeth CBD that includes the purchase of the Old Post Office that will be used to create a new council chamber...
Provincial Planning and Treasury has approved expenditure totalling R70 million by the Eastern Cape Development Corporation (ECDC) in Walmer Township.
The major storage dams supplying Nelson Mandela Bay were at a combined 77.93% of capacity when the latest reading was taken on Monday, 0.3% lower than a week ago.
The Coega Development Corporation (CDC), operator of the Coega Industrial Development Zone (IDZ), announced today it will establish a Multi Original Equipment Manufacturers (OEM) complex for the automotive assembly and components manufacturing sectors in Zone 2 of its industrial estate in Nelson Mandela Bay, South Africa.
Safair is just seven days away from the launch of its new FlySafair domestic air service. This innovative new approach to low cost flying will debut just in time for the local holiday season, opening up a surprisingly inexpensive alternative to the popular tourist destinations of Cape Town, Johannesburg, Port Elizabeth and George.FlySafair CEO Dave Andrew describes the airline as a true low cost carrier that offers the traveling public an alternative that doesn’t just offer low fares as part of a special deal, but on a permanent basis. FlySafair will allow its passengers to customise their own flying experience to suit their specific needs...
- Angry taxi drivers block off NMMU Missionvale Campus entrance over shuttle service
- Port Elizabeth police seek public's assistance in locating rape suspect
- The Great Moscow Circus Big Top Goes Up at The Boardwalk!!
- Two alleged gangsters arrested just after shooting dead Bethelsdorp man
- Replacing Pravin Gordhan, or his deputy, would carry a heavy cost