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MANZINI CITY’S 30% INCOME INCREASE

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MBABANE – Despite having mixed fortunes, the Municipal Council of Manzini has recorded a notable increase in other income.

The City of Manzini, otherwise known as the hub of Eswatini, is dubbed the commercial hub of the country. Other income increased by over 30 per cent during the period ending March 31, 2020 when compared to the previous year. The increase of about E1.9 million was mainly attributable to an increase in service fees. This is per the country’s biggest city’s 2019/20 annual report.

Revenue

Total revenue was recorded at about E82.1 million. It was about E81.5 million in the past year. Rates revenue for the 2019/2020 financial year, on the other hand, remained comparable to the previous year as there was no increase in rates tariff applied during the year under review. “Collection during the 2019/2020 financial year was somehow below expectation as about 83 per cent of the budgeted amount was collected from current rates. Council received over 50 per cent of government rates due for the year; resulting in an increase in arrear rates by over 15 per cent year-on-year,” reported the city.

The municipality also received insurance claims of E500 000 during the year under review as well as proceeds of E400 000 from the disposal of assets. “The municipality further experienced an increase of E0.4 million in revenue from licences, permits and signs and encroachments grants and subvention significantly declined during the financial year under review by over 65 per cent.

Result

The significant decline was as a result of grant not received towards the construction of roads in the current year yet in the previous year the municipality had received over E9 million towards the construction of Springle farm road (E5.5 million), Mkhosi Township (E1.9 million) and the rehabilitation of D98, Ngwane Park main road and two streets in Zakhele (E1.6 million),” reads the report.

 

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