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City of Joburg’s Credit Rating Downgrade Will Affect Service Delivery

12 April 2026 by Con Tributor

ActionSA notes with grave concern the credit rating outlook downgrade of the City of Joburg by the Global Credit Rating Company. The GCR cites material uncertainty in the city’s audit process, after failing to publish its annual financial statements.

Earlier this month, the Johannesburg Stock Exchange suspended the city from trading over this matter. This development signals an escalation of the city’s protracted misgovernance crisis. Given this circumstance, residents should expect continued neglect in terms of service delivery in their communities.

Joburg is Africa’s economic giant. It possesses the largest budget of any municipality in South Africa, at R90-billion in the current financial year. Should the city’s finances implode, it’ll cascade throughout the rest of the country. Residents simply cannot afford a governance and financial management crisis of this magnitude. I can assure you that this would never happen under an ActionSA led municipality.

Now more than ever, residents should hold its leaders accountable for their failure to adhere to regulatory obligations and uphold fiscal discipline. Residents are grappling with poor service delivery, infrastructure backlogs, and economic strain. This downgrade undermines investor confidence and erodes public trust in the city’s leadership and administrative systems.

ActionSA Public Works: Proposes using the military for border control.

Source – MyZA

Free Johannesburg Press Release Submissions from MyPR.co.za

Category: News

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Constitution Hill: Architecture

In a masterstroke of symbolic architecture, the Constitutional Court was built directly onto the site of the former Awaiting Trial Block. During its construction, the prison block was demolished, but its bricks were salvaged and used to build the new court’s interior walls. This was a deliberate choice to show that the very materials once used to imprison people and violate their rights are now used to protect them. The court’s design is based on the concept of Lekgotla—the traditional African practice of seeking justice under a tree. Inside the foyer, slanting columns mimic tree trunks, and light filters through “leaves” in the ceiling to create a dappled effect on the floor.

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