Johannesburg on the brink: Business groups demand state intervention as city faces financial collapse

Johannesburg on the brink: Business groups demand state intervention as city faces financial collapse

South Africa's commercial capital is effectively bankrupt, according to a Genesis Analytics study commissioned by BLSA and Business for South Africa. Consultant Lael Bethlehem warned Thursday that Johannesburg may not survive until November's municipal elections without a provincial administrator being appointed — a politically toxic outcome for the ANC. Finance Minister Godongwana has set a Friday deadline for Mayor Dada Morero to explain how t…