Johannesburg sits on the richest square mile in Africa. Last week the sheriff seized the city's own assets over a R3.4 million debt. Gauteng is a third of South Africa's economy, richer than 5 neighbouring countries combined. Yet Joburg owes creditors R25.2 billion and holds just R3.9 billion in cash. So is the City of Gold in decline, or just going through a rough patch it can fix? Where do you see Joburg in 5 to 10 years? #Johannesburg #SouthAfrica #Gauteng #Africa #GlobalArbitrage