Long Term Borrowing Contracts

COUNCIL RESOLUTIONS ON THE LONG TERM BORROWING:

  • BID 8/2/3/273: R21 500 000 Long Term Loan to Finane Various Infrastructure Projects for Midvaal Local Municipality as per the 2020/2021 Capital Budget                 - Download
  • BID 8/2/3/64: R21 500 000 Long Term Loan to Finance Various Infrastucture Projects for Midvaal Local Municipality as per the 2019/2020 Capital Budget  - Download

 LONG TERM LOAN FINANCE ON VARIOUS INFRUSTRUCTURE AND ACQUISITION OF ASSETS:

Name of institution Term of loan Start date Redemption date Purpose Amount Download 
Standard Bank 10 years 01/12/2021 01/12/2031 Various infrastructure R21,500,000 FILE
Nedbank 5 years 01/12/2021 01/12/2026 Acquisition of assets R11,865,000 FILE