Official source
Source domain: swellendam.gov.za
Collected on 25 June 2026
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External borrowing / finance facility to incur long-term debt for fleet capital expenditure (R6.050 million)
The municipality gives notice of its intention to take up external borrowing of R6.050 million, repayable over 5 years, to finance specified fleet capital expenditure (a water truck, a sewerage truck, and five light delivery vehicles). The loan conditions include fixed interest of 8.12%, six-monthly payments, no loan security, and funds sourced from a bank, with a planned start date of 29 June 2026 and planned end date of 30 June 2031.
Reference
SMT27/25/26
Amounts
R 6 050 000
The document's recorded date is 29 June 2026. Confirm on the official source.
To comply with the above notice is hereby given of the intention to take up external borrowing to finance the municipality's fleet per the 2025/2026 approved budget for the amount of R6,050 million.
