Yes, the City of Ekurhuleni (CoE) has repaid some of the loans since December 2010.
(a & b) The following loans have been fully paid at the respective maturity dates (See table 1 below):
The CoE follows a scheduled interest and capital repayment regime on its long-term liabilities. The outstanding balances are due to the fact that loans and bonds have not yet reached their redemption/maturity dates. Refer to table 1 below.
Table1: CoE liability profile
(c) Cumulative interest paid on the loans and bonds from the original date of attainment to 31 Dec 2017 is shown in table 2 below:
Table 2
Cumulative interest paid to date on CoE loans and bonds amounts to R3.5bn. The new bonds, EMM07 and EMM07P were taken in July 2017 and their first interest payments were due in January 2018.
(d) The last interest payment dates and amounts are shown in table 3 below:
Table 3
The reply to question 2018/47 is a follow-up to question 3455, which was published on 3 December 2010.