SRA Rate definition
SRA Rate means an additional rate to be imposed and recovered by the Municipality from Owners of SRA Property, subject to such Property being Rateable Property which shall be a percentage of the Applicable Property Rate expressed as Rand in the Rand so calculated that the aggregate thereof equals the Applicant's proposed amount in its SRA Business Plan plus VAT;
SRA Rate means a rate contemplated in regulation 3(2) and (3); “business plan” means the business plan contemplated in regulation 7;