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 |
