Joburg metro downgraded over ‘weak collection rates’

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Joburg metro downgraded over ‘weak collection rates’
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GCR Ratings says the downgrade highlights cash flow challenges in SA’s economic and financial hub. Read more here:

GCR Ratings has downgraded the City of Johannesburg’s credit rating and revised its outlook from stable to negative, highlighting cash flow challenges in SA’s economic and financial hub.

Ratings agencies are important in the global economy as they allow investors to assess the ability of companies or governments to pay back their money before lending to them.... There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an

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