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

AI Summary

Johannesburg faces frequent water and power outages alongside increasing financial instability. Abandoned city center high-rises have been occupied by armed gangs imposing rental charges on squatters, contributing to the city’s deteriorating security and economic situation.

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.