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Private Sector Raises Concerns Over Risks to South Africa's Economy

South African business leaders have expressed growing concern over the financial and structural deterioration of Johannesburg, the country's economic powerhouse, which accounts for 16% of South Africa's GDP. Key concerns include: deteriorating public infrastructure; rising taxes; the potential withdrawal of government subsidies. According to business leaders, these challenges could significantly undermine investor confidence. The private sector has offered to contribute its expertise to help restore the city, provided it can work alongside a reliable and accountable public-sector partner.

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