Ratings agency places City of Johannesburg on negative outlook
SA’s largest city has been grappling with a billing and revenue-collection crisis
12 July 2019 - 11:29
GCR Ratings has placed the City of Johannesburg’s credit rating on a negative outlook, citing concerns about the city’s liquidity position.
SA’s largest city, which accounts for about 15% of the country’s economy, has been grappling with a billing and revenue-collection crisis. Earlier this week, it scrapped a plan to charge stiff pre-paid electricity tariffs following a public outcry...
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