A case currently before the Joburg High Court claims Tshwane is charging R8m interest on a R1.5m debt. It’s a case that should be of interest to millions of Tshwane residents. From Moneyweb.
Based on the city’s written policy for interest calculations, the interest allowable on the charges is less than R350 000. Image: AdobeStock
What’s the difference between simple and compound interest? When it comes to property rates and taxes, about R8 million, according to a case currently before the Johannesburg High Court. Continue reading.
The Writer's Room is a curated by Ciaran Ryan, who has written on South African affairs for Sunday Times, Mail & Guardian, Financial Mail, Finweek, Noseweek, The Daily Telegraph, Forbes, USA Today, Acts Online and Lewrockwell.com, among others. In between he manages a gold mining operation in Ghana, and previously worked in Congo. Most of his time is spent in the lovely city of Joburg.
