All SA cities painted with same junk brush, Cape Town Dep Mayor disputes rating

Posted on 07/19/2021

A Moody’s Investors Service report downgraded five South African cities, placing them into junk territory. Among them is Cape Town, a city that, last month, received feedback from Moody’s saying that the city is in a “strong position.” Joining BizNews is Ian Neilson, the Deputy Mayor of the Mother City. “We’re able to deliver on our budget and on our plans. We don’t see any merit in this downgrade,” he says. - Jarryd Neves