Council had receivables from exchange and non-exchange transactions amounting to $622 692 879 before allowances for credit losses. THE cash-strapped Harare City Council (HCC), which has failed to pay salaries to its workers for five months, is failing to collect over half a billion dollars from its debtors due to a worsening economy, an external audit seen by the Financial Gazette has disclosed. The audit report by Grant Thornton for the financial year to December 31, 2016 said council had receivables from exchange and non-exchange transactions amounting to $622 692 879 before allowances for credit losses. “With significant amounts of receivables overdue for payment and under the prevailing economic conditions, there is a likelihood that the…