×

We've got news for you.

Register on SowetanLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

Bumpy ride ahead after downgrade

Ratings agency Moody's downgrade of five metropolitan municipalities is bad news for residents. The agency downgraded the Johannesburg, Cape Town, Ekurhuleni, Nelson Mandela metro and uMhlathuze municipalities to junk status on Friday.

Moody's said the downgrades were because of liquidity concerns, "as a result of material shortfalls in revenue collection" regarding extremely weak growth...

This article is free to read if you register or sign in.

If you have already registered or subscribed, please sign in to continue.



Questions or problems? Email helpdesk@sowetanlive.co.za or call 0860 52 52 00.

Would you like to comment on this article?
Register (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.

Commenting is subject to our house rules.