Kaya 959 Kaya Biz

SA's municipalities are in dire financial straits – Ratings Afrika

Loading player...
GUEST – Charl Kocks - Principal at Ratings Afrika

While the financial sustainability of South Africa’s eight metropolitan councils has improved slightly, their average score from Ratings Afrika is a mere 43 out of 100, which the agency says is concerning. If one discounts Cape Town, which is once again the top performer with a score of 70, the average is only 39 out of 100. “At this level of financial sustainability, the majority of metros remain a concern.

They are considered to be the economic engines of the South African economy. Service delivery failure by the metros can cause immeasurable damage to the economy,” the agency said at the release of the 2023 results. Ratings Afrika has been publishing its Municipal Financial Sustainability Index (MFSI) since 2011.
17 Apr 2024 1PM English South Africa Business News · Investing

Other recent episodes

DRDGOLD’s Big Year: Earnings Surge & Vision 2028 Takes Shape

DRDGOLD CEO Niël Pretorius unpacks a standout FY2026 performance, with revenue up 42%, operating profit up 83%, and major Vision 2028 infrastructure coming online. We explore production stability, the company’s debt‑free position, dividend uplift, and how new assets like the Daggafontein TSF and DP2 expansion reshape future output.
19 Aug 1PM 15 min

SA Consumer Price Inflation slows to 4.3% in July

Nedbank Economist Isaac Matshego breaks down South Africa’s July CPI print, which eased to 4.3% as fuel prices softened and goods inflation cooled. We unpack the drivers behind the slowdown, the stubborn pressure from housing and utilities, and what this means for consumer wallets heading into the September MPC meeting…
19 Aug 12PM 16 min

Leaky Pipelines & Broken Rungs: Fixing Gender Gaps in Investments

PPS Investments’ Fran Troskie breaks down why asset management still struggles with gender parity — from caregiving burdens to promotion barriers, wage gaps, and murky leadership pathways. A candid Women’s Month conversation on redesigning the industry for true inclusion.
18 Aug 1PM 16 min

Tax as Strategy: How Women Can Lead in a Volatile Economy

PwC’s Mbai Rashamuse joins our Women’s Month spotlight to unpack how tax can be a strategic lever for value creation — not just compliance. She explores financial sector shifts, inclusive leadership, and how women can shape Africa’s economic future through tax and governance.
18 Aug 1PM 16 min

Absa Delivers 8% Earnings Growth in Tough Conditions

Absa posts a resilient 1H26 performance with headline earnings up 8% to R12.8bn, ROE rising to 15%, and revenue growing 4%. We speak to Group FD Deon Raju about margin pressure, credit improvements, digital investment, and the bank’s outlook for FY26.
18 Aug 12PM 13 min
All episodes