Herman Mashaba to update public after bad news on Joburg’s credit rating
GCR Ratings puts rating on negative outlook, citing concerns about the city’s liquidity position
14 July 2019 - 18:08
Johannesburg mayor Herman Mashaba says he will provide details on the city’s “improving” finances this week in the wake of the decision by GCR Ratings to place the city’s credit rating on a negative outlook, citing concerns about its liquidity position.
“Actually on Thursday morning I had a meeting with my team, I need to release the statement on our finances [on Monday] or on Tuesday,” Mashaba said...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.