Ousted Brink says instability in Tshwane council doesn't inspire investor confidence

JOHANNESBURG - Recently ousted Tshwane mayor, Cilliers Brink, said that he was concerned about what the political instability in the capital city looked like to investors and senior managers.

Brink was removed by the Tshwane council on Thursday through a motion of no confidence.

His replacement will be the fourth person to wear Tshwane's mayoral chain in the last two years.

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The city currently has a CAA2 negative credit rating from Moody’s, which constrains its ability to borrow money.

The credit ratings agency has attributed this to poor financial management but also political instability in the capital city.

Speaking on Friday, Brink said that the musical chairs in the municipality did not inspire investor confidence.

Brink said that he was committed to staying in Tshwane either as mayor or as a member of the opposition.