West Coast District Municipality (2022-04)
- West Coast District Municipality
- Year : Apr 2022
Summary
WCDM has a fairly small population with socio-economic indicators broadly in line with national averages. Positively, economic activity is diverse and includes manufacturing, agricultural and tourism industries, which continue to support the District’s Gross Domestic Product (GDP) growth above the national average. The District continues to seek ways to strengthen economic diversification and growth, albeit that a meaningful improvement will only be achieved in the longer term. GCR favourably notes WCDM’S long track record of clean audit outcomes.
Additional Information
The Stable Outlook reflects GCR’s expectations that West Coast District Municipality will continue to maintain a conservative leverage profile and report ample liquidity to maintain a strong financial profile. West Coast District Municipality’s ratings are at the upper limit for South African District municipalities, with further progression unlikely unless there is a fundamental change in the District’s operating structure.
