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Johannesburg collapse risk spurs call for State to run city
South Africa’s government may soon need to make the politically fraught decision to take control of Johannesburg to avert the city’s financial collapse, according to a consultant appointed by two of the country’s leading business groups. While such a move would be difficult for the ANC before crucial local elections in November, it may have little choice but to act, Lael Bethlehem, a partner at Genesis Analytics, said during the presentation of a study commissioned by Business Leadership South Africa (BLSA) and Business For South Africa.
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africa.businessinsider.com
South Africa may consider government intervention in Africa's richest city amid deepening financial crisis
South Africa could take control of Johannesburg after business leaders warned Africa’s richest city is effectively bankrupt and risks losing R8 billion ($486 million) in…
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South Africa may take over Africa’s richest city as Johannesburg nears financial collapse
South Africa could take control of Johannesburg after business leaders warned Africa’s richest city is effectively bankrupt and risks losing R8 billion ($486 million) in…
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South Africa may take over Africa’s richest city as it nears financial collapse
South Africa could take control of Johannesburg after business leaders warned Africa’s richest city is effectively bankrupt and risks losing R8 billion ($486 million) in…
- ·
engineeringnews.co.za
Johannesburg collapse risk spurs call for State to run city
South Africa’s government may soon need to make the politically fraught decision to take control of Johannesburg to avert the city’s financial collapse, according to a consultant…
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BLSA calls for collaboration, tackling corruption to reverse Joburg decay
Business organisation Business Leadership South Africa’s (BLSA’s) council last week met to consider research on the state of Johannesburg, presented by Genesis Analytics economic…