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Earthquake Devastation and Recovery Costs | Johannesburg News
Description
A devastating earthquake has struck, leaving nearly 17,000 injured and 18,000 homeless—marking the worst quake in over 200 years, hitting a nation already strained by poverty. The World Bank estimates $19.6 billion in physical damage, with potential rebuilding costs soaring to $50 billion. Half the damage was to homes, with infrastructure also heavily impacted. Without urgent investment, recovery could take until 2036, forcing tough choices on debt and growth.
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