Ekurhuleni Mayor in S.A Hails Credit Rating as Validation of Financial Management Strength

Nkosindiphile Xhakaza, Mayor of Ekurhuleni, lauds the recent credit rating announcement by Global Credit Ratings as evidence of the metro’s robust and resilient financial management systems. The rating agency has affirmed Ekurhuleni’s national scale long-term and short-term issuer ratings at BBB and A3 respectively. Phakamile Mbengashe, the city’s spokesperson, highlights that Ekurhuleni has effectively balanced its income and expenditure, safeguarding its financial standing from further deterioration.