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Stuff from Johannesburg

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

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

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The Randlord Mansions: Northwards

The most iconic of the Randlord Mansions is Northwards, built in 1904 for the eccentric Jose Dale Lace and his wife, Josie. Sitting on the edge of the Parktown Ridge, the house was constructed from the very quartzite rock it sits upon, making it look as though it grew directly out of the mountain. It featured a minstrel gallery, a massive ballroom, and a view that stretched 50 kilometers north toward the Magaliesberg mountains. The lifestyle inside was Gatsby-esque; Josie Dale Lace was famous for driving through the dusty streets of early Johannesburg in a carriage pulled by zebras. However, the grandeur was often fleeting; the Dale Laces lost their fortune, and the house eventually became the residence of the Chairman of the South African Breweries.