Bulawayo City Council Starts 50% Discount For Those Paying In Foreign Currency

In a statement yesterday, Bulawayo Town Clerk Mr Christopher Dube said they will be offering a 50 percent debt cancellation policy for those paying their bills in foreign currency.

All international organisations operating in Bulawayo are now required to pay for services in forex. The local authority has also initiated the sale of residential stands in foreign currency targeting the diaspora market under the ‘Khumbula Ekhaya Rates’ scheme. Dube said the debt cancellation strategy will run for six months starting from December 17 this year. He said the scheme covers those paying in forex only at the official 1:1 bond to US dollar. Said Dube:

An offer of 50 percent discount incentive is availed to foreign currency payments from ratepayers in the Diaspora to settle their rates through their Nostro accounts. This is, however, not limited to this category of Diaspora ratepayers alone, but also applies to local ratepayers who have access to hard currency. Pay directly in cash through the express window for foreign currency at the Revenue Hall which has been made available for such payments. All payments made in foreign currency will get discounts as follows: Full settlement attracts a 50 percent discount on total amount owing. Part payments will get discounts on a pro rata basis. This facility will run for an initial period of six months from 17 December 2018.

More: Chronicle

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Bulawayo is Zimbabwe's second largest city. Its location was selected by the last Matebele king, King Lobengula. Bulawayo used to be one of the country's most attractive cities and a major transport hub for Southern Africa until Zimbabwe entered a period of economic depression in... Read More About Bulawayo


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