# ActionSA leader and Johannesburg mayoral candidate, Herman Mashaba, has expressed concern at the credit rating outlook downgrade of the City of Johannesburg. The Global Credit Rating Company cited material uncertainty in the metro’s audit process, after failing to publish its annual financial statements. ActionSA’s spokesperson, Omogolo Taunyane, says earlier this month, the Johannesburg Stock Exchange suspended the metro from trading over this matter, an escalation of the protracted misgovernance crisis:
Mashaba says Joburg’s credit rating downgrade signals a misgovernance crisis [SOUND]
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