MEDIA RELEASE
 
16 February 2017
 
For immediate release

EThekwini Approves Ithala Bank Revenue Collection System
 
The Executive Committee of eThekwini Municipality has approved a revenue collection system of Ithala bank that will assist with radical economic transformation and upliftment of SMMEs.
 
The Ithala Development Finance Corporation Limited has developed a cutting edge EBPP (Electronic Bill Presentment and Payment) Solution which is paperless and self- enhanced system at a cost of R8.8million. This system will run for the period of three years from the current financial year ending in 2019/20 period.
 
With this Ithala EBPP Solution programme, the Municipality is expected to save about R135 million, which will be redirected to other social programmes and service delivery projects of the Municipality.
 
The Mayor of eThekwini, Cllr Zandile Gumede said, “Over the past years, Ithala has been at the forefront of the transformation of the provincial economy through wealth redistribution and creation of entrepreneurs at the bottom of the pyramid.”
 
 “This system will be able to create about 325 jobs for our youth and redistribute about R50 million to local businesses such as spaza shops and local supermarkets,” said Gumede.
 
The Ithala EBPP solution will assist in revitalizing township economy and give opportunities to small enterprises. Youth will get job opportunities which will see them earning about R4400 per month through the new revenue streams.
 
Mayor said that citizens will be able to pay for their Municipality bills at the local spaza shops and be able to purchase prepaid electricity. Residents will also access their bills and make payments within their areas with the assistance of the trained staff provided by the Municipality.
 
This solution will allow the City to deliver secure electronic documents via cell-phone/smart application/web portal and email, provide consolidated account bills on different levels which will enable payment linked to the digital bill and continuous service delivery by the municipality.
 
Gumede said, “Ithala has become an effective instrument focusing on driving the new developmental programmes of poverty alleviation through SMMEs and the Cooperative sector. We are serious about implementing radical economic transformation as directed by His Excellency, President Zuma.”
 
EThekwini Municipality will host Radical Economic Transformation Summit next week Wednesday, 22 February 2017, whereby the Mayor will present framework on radical economic transformation.
 
-ENDS-
 
Issued by the Mayoral Parlour
 
Durban City Hall, 263 Dr Pixley kaSeme, Durban 4000
 
For more information contact: Mthunzi Gumede (Mayoral Spokesperson)
 
Details : 081 414 2510/073 989 6324 or mthunzi.gumede@durban.gov.za / mthunzi@gmail.com
 
Please read this confidentiality disclaimer: http://www.durban.gov.za/Pages/edisclaimer.aspx