MyJHB

Stuff from Johannesburg

BREAKING: Johannesburg Elects Mayor Who’s Zimbabwean

Johannesburg, Gauteng, South Africa in the news:

  1. BREAKING: Johannesburg Elects Mayor Who’s Zimbabwean: A special council sitting was called on Tuesday by Speaker of the Johannesburg council, the ANC’s Nonceba Molwele. The ANC has 124 seats in the council and needed 12 votes from other parties to … – “Johannesburg” – BingNews
  2. EFF ‘birth of a giant’: EFF was a birth of a giant, which was born and already could partake in meaningful activities,” the party said in a statement. “The EFF has grown by leaps and bounds and its ideological and political … – “Johannesburg” – BingNews
  3. Invasive tegu lizard spotted in Darlington County: An invasive tegu lizard was spotted in Darlington County, according to the South Carolina Department of Natural Resources (DNR). The DNR didn’t specify … – “Johannesburg” – BingNews
  4. Unions up in arms as court gives nod to Mango rescue: The Mango airline board won out in the battle over the business rescue process at the embattled carrier with the high court in Johannesburg ruling on Tuesday that it could go into voluntarily business … – “Johannesburg” – BingNews
  5. Greta Thunberg and Martin Luther King Jr. voted as ONE supporters’ favorite activist: We asked and you answered — find out who our ONE activists from around the world voted as their favorite activist! – “Johannesburg” – BingNews

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Have you tried: Visiting Port Elizabeth?

Did you know this about Johannesburg? The Rand Afrikaans University was founded in 1966. Its first campus was on the erstwhile premises of South African Breweries in Braamfontein, Johannesburg. Later it moved to its new campus in Auckland Park. The University of Johannesburg came into existence on 1 January 2005 as the result of a merger between the Rand Afrikaans University (RAU), the Technikon Witwatersrand (TWR) and the Soweto and East Rand campuses of Vista University.

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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.