{"id":270753,"date":"2019-06-24T14:14:32","date_gmt":"2019-06-24T12:14:32","guid":{"rendered":"https:\/\/informante.web.na\/?p=270753"},"modified":"2019-06-25T16:24:18","modified_gmt":"2019-06-25T14:24:18","slug":"otc-offers-relief-on-interest-accumulated","status":"publish","type":"post","link":"https:\/\/informante.web.na\/?p=270753","title":{"rendered":"OTC offers relief on interest accumulated"},"content":{"rendered":"<div id=\"js_2\" class=\"_5pbx userContent _3576\" data-testid=\"post_message\" data-ft=\"{&quot;tn&quot;:&quot;K&quot;}\">\n<p>Maria David<br \/>\nTHE Ongwediva Town Council will offer 100 percent interest relief incentives to its residents and businesses alike for interest accumulated on outstanding account payments over a period of time.<br \/>\nMayor of Ongwediva Angelna Angula said the waving of interest programme will be implemented as from the 1st of July 2019 to 28 February 2020.<\/p>\n<figure id=\"attachment_270754\" class=\"wp-caption alignleft\" style=\"width: 300px\"><a href=\"https:\/\/informante.web.na\/wp-content\/uploads\/2019\/06\/64918823_2303746593025621_5088124150707388416_o.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-270754\" src=\"https:\/\/informante.web.na\/wp-content\/uploads\/2019\/06\/64918823_2303746593025621_5088124150707388416_o-300x200.jpg\" alt=\"\" width=\"300\" height=\"200\" srcset=\"https:\/\/informante.web.na\/wp-content\/uploads\/2019\/06\/64918823_2303746593025621_5088124150707388416_o-300x200.jpg 300w, https:\/\/informante.web.na\/wp-content\/uploads\/2019\/06\/64918823_2303746593025621_5088124150707388416_o-768x512.jpg 768w, https:\/\/informante.web.na\/wp-content\/uploads\/2019\/06\/64918823_2303746593025621_5088124150707388416_o-1024x683.jpg 1024w, https:\/\/informante.web.na\/wp-content\/uploads\/2019\/06\/64918823_2303746593025621_5088124150707388416_o-765x510.jpg 765w, https:\/\/informante.web.na\/wp-content\/uploads\/2019\/06\/64918823_2303746593025621_5088124150707388416_o.jpg 1944w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><figcaption class=\"wp-caption-text\">Pictured: The maypr of Ongwediva. Photo: Maria David<\/figcaption><\/figure>\n<p>\u201cThe council recognized that not all residents or business owners are able to meet their monthly payment obligations for municipal services rendered either fully or partially due to prevailing economic hardship,\u201d said Angula.<br \/>\nAngula explained that outstanding balances attract interest rates at 1.25 percent per month and 15 percent per annum, which puts additional payment pressure on their clients.<br \/>\nAccording to her the programme should not be seen as writing off of bad debts, but rather an incentive of waiving interest charges.<br \/>\n\u201cThe Incentive Programme will be applicable to all types of municipal services on all accounts irrespective of the outstanding balances or period involved, but won\u2019t apply to outstanding accounts or balances that may surface after the 1st of July,\u201d cited Angula.<br \/>\nAngula noted that all individuals and corporates with outstanding debts on their accounts may participate in the incentive programme provided that they apply on approved application forms available at council.<br \/>\nShe said that once the agreement is not met people will face fallout from the programme.<br \/>\nFurthermore, clients who fails to apply for the incentive programme to have interest charges waived during the period allocated will forfeit the benefit when the incentive programme lapses.<\/p>\n<\/div>\n\t\t<div class=\"mom-ads-wrap  \">\n\t<div class=\"mom-ads \" style=\"margin-bottom:-14px;\">\n\t\t<div class=\"mom-ads-inner\">\n\t\t\n\t\t\t\t<div class=\"mom-ad\" data-id=\"270911\" style=\"width:728px; height:180px; margin-bottom:14px;\">\n\t\t\t\t\t<a href=\"#\" target=\"_self\"><img loading=\"lazy\" decoding=\"async\" class=\"appear\" src=\"https:\/\/informante.web.na\/wp-content\/uploads\/2019\/05\/Cycledelic728x90NEW.gif\" alt=\"Animated GIFs\" width=\"728\" height=\"180\"><\/a>\n\t\t \t<\/div><!--mom ad-->\n\t\t<\/div>\n\t<\/div>\t<!--Mom ads-->\n\t<\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>Maria David THE Ongwediva Town Council will offer 100 percent interest relief incentives to its residents and businesses alike for interest accumulated on outstanding account payments over a period of time. Mayor of Ongwediva Angelna Angula said the waving of interest programme will be implemented as from the 1st of July 2019 to 28 February &#8230;<\/p>\n","protected":false},"author":10,"featured_media":270754,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24],"tags":[],"class_list":["post-270753","post","type-post","status-publish","format-standard","has-post-thumbnail","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>OTC offers relief on interest accumulated - Informant\u00e9<\/title>\n<meta name=\"description\" content=\"THE Ongwediva Town Council will offer 100 percent interest relief incentives to its residents and businesses alike for interest accumulated on outstanding account payments over a period of time. Mayor of Ongwediva Angelna Angula said the waving of interest programme will be implemented as from the 1st of July 2019 to 28 February 2020.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/informante.web.na\/?p=270753\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"OTC offers relief on interest accumulated - Informant\u00e9\" \/>\n<meta property=\"og:description\" content=\"THE Ongwediva Town Council will offer 100 percent interest relief incentives to its residents and businesses alike for interest accumulated on outstanding account payments over a period of time. Mayor of Ongwediva Angelna Angula said the waving of interest programme will be implemented as from the 1st of July 2019 to 28 February 2020.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/informante.web.na\/?p=270753\" \/>\n<meta property=\"og:site_name\" content=\"Informant\u00e9\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/informantenam\" \/>\n<meta property=\"article:published_time\" content=\"2019-06-24T12:14:32+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-06-25T14:24:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/informante.web.na\/wp-content\/uploads\/2019\/06\/64918823_2303746593025621_5088124150707388416_o.jpg?fit=1944%2C1296&ssl=1\" \/>\n\t<meta property=\"og:image:width\" content=\"1944\" \/>\n\t<meta property=\"og:image:height\" content=\"1296\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Staff Reporter\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@informantenews\" \/>\n<meta name=\"twitter:site\" content=\"@informantenews\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Staff Reporter\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/informante.web.na\\\/?p=270753#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/informante.web.na\\\/?p=270753\"},\"author\":{\"name\":\"Staff Reporter\",\"@id\":\"https:\\\/\\\/informante.web.na\\\/#\\\/schema\\\/person\\\/6ab65e7153fe62b690517153b8913a80\"},\"headline\":\"OTC offers relief on interest accumulated\",\"datePublished\":\"2019-06-24T12:14:32+00:00\",\"dateModified\":\"2019-06-25T14:24:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/informante.web.na\\\/?p=270753\"},\"wordCount\":271,\"publisher\":{\"@id\":\"https:\\\/\\\/informante.web.na\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/informante.web.na\\\/?p=270753#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/informante.web.na\\\/wp-content\\\/uploads\\\/2019\\\/06\\\/64918823_2303746593025621_5088124150707388416_o.jpg\",\"articleSection\":[\"News\"],\"inLanguage\":\"en-ZA\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/informante.web.na\\\/?p=270753\",\"url\":\"https:\\\/\\\/informante.web.na\\\/?p=270753\",\"name\":\"OTC offers relief on interest accumulated - Informant\u00e9\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/informante.web.na\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/informante.web.na\\\/?p=270753#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/informante.web.na\\\/?p=270753#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/informante.web.na\\\/wp-content\\\/uploads\\\/2019\\\/06\\\/64918823_2303746593025621_5088124150707388416_o.jpg\",\"datePublished\":\"2019-06-24T12:14:32+00:00\",\"dateModified\":\"2019-06-25T14:24:18+00:00\",\"description\":\"THE Ongwediva Town Council will offer 100 percent interest relief incentives to its residents and businesses alike for interest accumulated on outstanding account payments over a period of time. 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