Friday, December 10

Jo'burgs Finances

Interesting analysis of the state of Jo'burgs finances from Wayne over at Commentary.

As Wayne points out, things are not as good as they appear. On the other hand, things arent bad either. I think the main focus should be on the fact that the system is working better, and if the system works, the market is going to reward it.

He emphasised the City had observed prudent financial management, resulting in its credit rating being upgraded to A-. This he attributed to a "high level of disclosure and transparency" in the City. [source]

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