Various measures to support businesses that have been affected by the recent unrest, have been approved by eThekwini Municipality. The plan that was approved by the council as part of the 2021/ 22 budget process, will drive the support for businesses to re-start in both formal and informal trading. Several interventions will be to be prioritised in response to the devastation caused.
“It is reassuring to note that multiple engagements with businesses, including business formations, have their given resounding support to work with the municipality in a bid to rebuild,” said mayor councillor, Mxolisi Kaunda.
The interventions include the establishment of a one-stop centre with the participation of all relevant government departments for business support. The centre is expected to open soon.
“In terms of rates relief to property owners where the building is non-functional completely, a 75% rebate will be awarded for a period of six to 12 months. A multi-disciplinary team will assess applications based on individual merits. Criteria for rebates are stipulated on the application forms. Reconnection fees will also be wavered and there will be special provisions for building plan submissions in respect of properties damaged during the unrest.”
Bed and breakfast establishments will be granted an extension of rates rebates for a further three months which commenced on Thursday, July 1, with an additional 29% rebate over and above the current 35%.
“Tenants of council-owned properties that are non-functional due to the unrest will be given a rental holiday and informal traders will have a three-month rental holiday as of Thursday, July 1. “Apart from revenue loss, it is anticipated that the unrest has placed several planned investments in jeopardy, tarnishing business and consumer confidence. The city is working on an intensive marketing campaign to rebuild tourism and attract investment.”
For more information and application forms for rates rebate and relief visit, www.durban.go.za. ALSO READ: Municipality introduces levy to upgrade ageing infrastructure
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