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LONG TERM BORROWING CONTRACTS

Council resolutions on the long term borrowing
  • BID 8/2/3/82: R18 600 000 Long Term Loan Facility to Finance Various Infrastructure Projects for Midvaal Local Municipality Download
  • BID 8/2/3/81: R6 725 000 Instalment Sale Agreement for the Purchase of Vehicles, Plant and Equipment for Midvaal Local Municipality Download
  • 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 infrastructure 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
First National Bank 10 years 01/06/2022 01/06/2032 Various infrastructure R18,600,000
Nedbank 5 years 01/06/2022 01/06/2027 Acquisition of assets R6,725,000 File