MyJHB

Stuff from Johannesburg

Bedfordview Licensing Centre reopens its doors

Services at the Bedfordview Licensing Centre and the rates hall have been restored following a break-in earlier this month.

“The Bedfordview Licensing Centre and rates hall are now open after being closed due to a burglary that happened on Sunday, 14 July 2019,” said the City of Ekurhuleni on Monday.

The preliminary investigation revealed that intruders gained entry through the roof, and took a large amount of money after forcefully opening two cash drop-off safes.

An eNatis computer box and a plasma TV screen were also stolen, while the eNatis server was damaged. This led to the suspension of most services at these offices.

In a statement on last Tuesday, the City said two cash drop-off safes were damaged as a result of the break-in.

“Anyone with information that can lead to the successful prosecution of the perpetrators may report to the police or call 08600 10111,” said the City. – SAnews.gov.za

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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.