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Cape Town’s debt remission initiative is available for residents and institutions [SOUND]

# The City of Cape Town says it has various incentives and initiatives available to residents as part of its new 2025/2026 budget, including the debt write-off initiative. Council recently approved the debt write-off of approximately 2.2-billion-rand in old debt for qualifying beneficiaries. Mayoral committee member for Finance, Siseko Mbandezi, says the debt write-off initiative offers relief for qualifying residents struggling to make ends meet, and to improve the metro’s financial sustainability by encouraging a culture of payment:

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