Johannesburg Nears Financial Collapse Amid Infrastructure Failures

Johannesburg, Africa's business capital, is facing severe financial distress, characterized by frequent water and power outages and the takeover of abandoned high-rises by armed gangs.

25 May, 01:50 — 25 May, 01:50

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japan-timesMostly Factual1d ago

Africa’s business capital is on the brink of financial collapse

Water and power outages are frequent in Johannesburg, and many of the abandoned high-rises in the city center have been appropriated by armed gangs who extract rent from squatters.

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Johannesburg Nears Financial Collapse Amid Infrastructure Failures

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Africa’s business capital is on the brink of financial collapse

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