# The EFF in Gauteng says the downgrade of Johannesburg’s credit outlook by Global Credit Rating from stable to negative is deeply concerning. The party refers to delays by the Auditor-General in submitting audited financial statements, which has also led to a Johannesburg Stock Exchange bond trading suspension. The EFF warns this will increase borrowing costs and hurt service delivery. It is calling for compliance with legal timeframes and urges the Auditor-General to act independently and avoid political interference.
EFF blames audit delays for Joburg credit downgrade