Taxi vans during rush hour in the Braamfontein district of Johannesburg, South Africa, on Thursday, Feb. 1, 2024.Bloomberg
SA Investing
Moody’s confident in Johannesburg’s finances despite turmoil
Moody’s affirms confidence in Johannesburg’s finances despite political turmoil, rising debt, and major infrastructure challenges.
Key topics:
Moody’s praises Johannesburg’s sound finances, despite instability
City faces rising debt and severe infrastructure backlogs
National government warns over $1.4B in wasted expenditures
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By Robert Brand