Charles Molele
The City of Ekurhuleni Executive Mayor Mzwandile Masina has welcomed the announcement by Credit Rating Agency Moody’s that the metro has a stable financial base.
“We are highly pleased by Moody’s credit opinion, which has found the city to have a stable financial base,” said Masina.
“This announcement, following the recent positive audit outcome by the Auditor General, places the City of Ekurhuleni as the prime investment destination in Gauteng and a safe environment for investors. We will continue to focus on raising much needed Foreign Direct Investment to bring the vision of transforming Ekurhuleni into Africa’s first ever Aerotropolis City into fruition.”
The ratings agency said the stable outlook showed that the City of Ekurhuleni will sustain its comparatively financial performance and liquidity despite increased capital spending and debt over the three years.
“Its track record of prudent budgetary management supports the outlook,” said the ratings agency
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I can’t trust this credit rating agency, it has been found having manipulated it report. I have nothing personal against Mayor Masina and in actual his one guy I have so much respect.