KOSRA paid Ratings Afrika to perform/produce the MFSI on Ndlambe.
Click here for the context of the index. It explains the index and paints the picture of the municipal sector and by looking at Ndlambe’s rating we can deduce that Ndlambe is not doing very well. These documents have been forwarded to the Municiple Manager of Ndlambe week of 2 September 2024.
Ratings Afrika is a well-known ratings entity and has been undertaking this index assessment / analysis since 2011.
So the MFSI is a well-known, independent, respected objective assessment of the financial health of municipalities.
The documents used by them to do the ratings of every municipality are publicly available documents, Ndlambe included.
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