MyZA

News, Directory, Events and Other Stuff

You are here: Home / News / Letters / Moody’s Upgrades Cape Town

Moody’s Upgrades Cape Town

Dear Editor

The Democratic Alliance (DA) congratulates the DA-led City of Cape Town on its credit rating upgrade from Moody’s. It is an endorsement of the City’s sound financial management and commitment to real, impactful service delivery.

Moody’s praised the City’s good governance and its ambitious infrastructure plans, including record investment in water, electricity, transport, and roads. Importantly, 75% of this spend will benefit lower-income households, with 130 000 jobs expected over the next three years.

This matters for residents: a better credit rating means the City can borrow money more cheaply, stretching every rand further. That means more services, delivered faster, and at a lower cost to ratepayers.

While many municipalities face financial collapse, Cape Town shows what is possible when a city is well-run and future-focused. This upgrade confirms that Cape Town is a standout for investors and a national leader in delivering for its people.

We commend Mayor Geordin Hill-Lewis and his team. Cape Town’s success is a clear sign: where the DA governs, we get things done.

Regards

Willie Aucamp MP
DA National Spokesperson

Category: Tag:

If you feel strongly about this article then feel free to send MyZA a ‘Letter to the Editor’ using the submission form below:

Letter to the Editor

This field is for validation purposes and should be left unchanged.
If this is in response to an article please include that article title here or as the lead in for the first paragraph of your Letter below.

Separate tags with commas

Localise your letter by naming the city your words are about. Add relevant words describing your subject. Single comma separated words of no more than 5
Your Name(Required)
Your Name will be linked to the website below.
Your personal, business or social media web site
Choose NO to not set up a user account on MyZA. User Accounts will allow you to submit letters under your own Author Name

3 Latest Letters to the Editor:

  • Older Persons Grants Land Today — No Need to Queue at Dawn

    Dear Editor, Older Persons grants are paid today, 30 October, under SASSA’s revised November payment schedule — with disability grants on Monday 2 November, children’s grants on Tuesday 3 November, and grants under review on Thursday 5 November. Two things every beneficiary should know. First, grant money does not expire on payment day. It stays…

  • November Grants Pay Early – No Need to Queue at Dawn

    Dear Editor, I run SAGrant (sagrant.co.za), a free resource helping South Africans navigate SASSA grants. November grants pay earlier than usual. Older Persons grants are paid on Friday 30 October, Disability grants on 2 November, and Child Support and other grants on 3 November. Grants still under review are paid on 5 November. The money…

  • NSFAS 2027 applications close on 31 October — SASSA households, apply now

    Dear Editor, I run SAGrant (sagrant.co.za), a free resource helping South Africans navigate SASSA grants. NSFAS applications for the 2027 academic year close on Friday 31 October 2026, and no extension is expected. If your household receives a SASSA grant, your child already passes the NSFAS financial eligibility test — but they still have to…