SA cities’ financial management is in decline, says report
Ratings Afrika says SA cities have substantial revenue bases to help them out of their financial problems, with Cape Town a clear winner
05 August 2020 - 15:11
The financial sustainability of most of SA’s large cities deteriorated in the 2018/2019 financial year, with only Cape Town showing a marked improvement, the most recent annual sustainability report by Ratings Afrika notes.
Ratings Afrika is a local ratings agency specialising in governance opinions of companies, municipal and provincial government, and state-owned enterprises. The sustainability index is based on a score sheet of an entity’s six components: operational performance, liquidity management, debt governance, budget practices, affordability and infrastructure development...
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