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.
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. This is reflected in a relatively low unemployment rate of 11%, against the 27% national average. The District continues to seek ways to strengthen economic diversification and growth, albeit that meaningful improvement will only be achieved in the longer term, whilst the COVID-19 pandemic has added some setbacks.
Issue Name | Rating | Country | Rating Published |
---|---|---|---|
-- | Short Term rating: A1(ZA); Outlook: Stable | South Africa | 29-04-2021 0:00:00 |
-- | Long Term Rating: A(ZA); Outlook: Stable | South Africa | 29-04-2021 0:00:00 |
-- | Long Term rating: B+; Outlook: Stable | South Africa | 29-04-2021 0:00:00 |