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Durban's top paying clients for rates, electricity and water consumption
​According to eThekwini’s Revenue Management System, the top paying clients for rates, electricity and water are mainly in the manufacturing, retail and national and provincial government sectors, and contribute a significant amount to the City’s revenue. Gross Domestic Product growth is a major determinant in consumption, thus, maintaining a healthy economy is critical for City finances.

As of 11 of March, the revenue collection for the City stands at 95 percent, an improvement from January and February 2021 collection rates. An average top manufacturing firm’s payments in one year is approximately equal to the City’s capital expenditure in two months. This means that if the top clients were to fail to pay their dues, it will negatively affect the City’s service delivery and ability to build infrastructure.

Some notable customers have publicly indicated plans to either relocate offices (Transnet) or close major operations in the City (Engen Refinery) and government has committed to engaging with them to avoid the negative impact on the City’s finances, and ultimately, infrastructure development and service delivery.

For more information please click the link and download the mid-term State of the Economy (SOE) presentation on The Durban EDGE portal:
https://edge.durban/dataset/state-of-the-durban-economy-releases

#Durban #eThekwini #GDP #manufacturing #retail #COVID19 #DurbanEconomy
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