Joburg is in a much healthier position, says finance MMC
Metro liquidity levels said to be better due to improved revenue collection and prudent financial management
The City of Johannesburg's liquidity is ″much healthier″ than in previous years, says finance MMC Funzela Ngobeni.
Ngobeni addressed the liquidity levels in the metro after the Global Credit Rating Company (GCR) assessment of the 2017/2018 audited financial statements placed Johannesburg on a negative outlook. It also maintained the city’s investment-grade rating.