# @globalnomad2030 on Instagram

- **Type:** Video
- **Original URL:** https://www.instagram.com/p/DavQffPkyuV
- **Gondola URL:** https://gondola.cc/posts/67690919-globalnomad2030-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/2cdf42919a.jpg
- **Posted:** 2026-07-13T15:40:36.000+00:00
- **Account Owner:** Julius Besiole David (@globalnomad2030) — https://gondola.cc/globalnomad2030

## Caption

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

## Stats

- **Views:** 0
- **Likes:** 278
- **Shares:** 0
- **Comments:** 9

## Tags

africa, johannesburg, gauteng, southafrica, globalarbitrage

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