MyJHB

Stuff from Johannesburg

Africa: President Cyril Ramaphosa – South Africa’s Response to Coronavirus Covid-19 Pandemic

Johannesburg, Gauteng, South Africa in the news:

  1. Africa: President Cyril Ramaphosa – South Africa’s Response to Coronavirus Covid-19 Pandemic: Fellow South Africans, Our former President Nelson Mandela once wrote: “I have walked that long road to freedom. I have tried not to falter; I have made missteps along the way. “B … – “Johannesburg” – BingNews
  2. South Africans Forced to Pay the Price for Ramaphosa’s Catastrophic Vaccine Failure: Press Release – Every covid death and every job lost to the draconian restrictions he announced tonight are on President Ramaphosa now. He is now forcing South Africans to pay the price for his … – “Johannesburg” – BingNews
  3. ‘Cops’ creator John Langley dies during road race in Mexico: John Langley creator of the long-running TV series “Cops,” has died during a road race in Mexico, a family spokeswoman said. Langley died in Baja, Mexico, of an apparent heart … – “Johannesburg” – BingNews
  4. LHP Santiago ejected, glove confiscated during Mariners’ win: Seattle reliever Hector Santiago was ejected after he was checked by the umpires as part of baseball’s new sticky substance protocols, and the Mariners beat the Chicago White … – “Johannesburg” – BingNews
  5. Lions look past ‘huge loss’ of Jones as they set off for South Africa: LIONS OUT-HALF Dan Biggar said he and the squad must focus on the quality they still have in their ranks after losing captain Alun Wyn Jones before even flying out to South Africa. The Wales lock … – “Johannesburg” – BingNews

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Did you know this about Johannesburg? The Soweto Uprising was a series of protests led by high school students in South Africa that began on the morning of 16 June 1976. Students from numerous Sowetan schools began to protest in the streets of Soweto in response to the introduction of Afrikaans as the medium of instruction in local schools. It is estimated that 20,000 students took part in the protests. The number of protesters killed by police was officially given as 176, but estimates of up to 700 have been made. In remembrance of these events, the 16th of June is now a public holiday in South Africa. A thirteen year old Black boy, Hector Pieterson, is the iconic first victim of police brutality, but Dr Melville Edelstein, who had devoted his life to social welfare among blacks, was soon forgotten. He was stoned to death by the mob and left with a sign around his neck proclaiming “Beware Afrikaners”.

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Africa’s Economic Heartbeat and the JSE

Johannesburg is the undisputed financial capital of the African continent. It is classified as an “Alpha Global City,” meaning it plays a primary role in the global economic network. The city generates roughly 16% of South Africa’s GDP and is the headquarters for 74% of the major multinational companies operating in Sub-Saharan Africa.

At the center of this economic power is the Johannesburg Stock Exchange (JSE). Founded in 1887, just one year after the city’s birth, the JSE was initially a way to raise capital for deep-level mining. Today, it is the largest stock exchange in Africa and ranks among the top 20 in the world by market capitalization. The financial district has moved from the historic city center to Sandton, an area often called “Africa’s Richest Square Mile.” This shift reflects Johannesburg’s evolution from a rough-and-tumble mining camp into a sophisticated service-and-finance economy. Despite the decline in actual mining, the city remains the “command and control” center for the continent’s mineral wealth, telecommunications, and banking sectors.