MyJHB

Stuff from Johannesburg

Canadian field hockey team headed home from South Africa

Johannesburg, Gauteng, South Africa in the news:

  1. Canadian field hockey team headed home from South Africa: The team took off from Johannesburg on Wednesday, and was on a flight through Frankfurt, Germany. The women were in Potchestroom, about 120 kilometres southwest of Johannesburg, for the junior … – “Johannesburg” – BingNews
  3. S. Africa reports nearly 20,000 Covid cases, an Omicron-wave record: JOHANNESBURG: South Africa reported nearly 20,000 new Covid-19 cases on Wednesday, a record since the Omicron variant was detected, and 36 new Covid-related deaths. It was not immediately clear how … – “Johannesburg” – BingNews
  4. Australia vs England, Ashes 2021-22 live: score updates from day two of the first Test in Brisbane: We’d obviously have liked to have gone better than we did yesterday but Australia bowled well and put us under pressure. Sometimes you have to say fair play to the opposition but we’ve got a chance to … – “Johannesburg” – BingNews
  5. Brian Hlongwa & Co. appear in court – NPA: Former Gauteng Health MEC and former health officials in court for allegedly defrauding the department. . Brian Hlongwa, former Gauteng Health MEC appeared at the J … – “Johannesburg” – BingNews

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Did you know this about Johannesburg? Johannesburg is the world’s largest city not built on a coastline, or on a lake or river. That’s why Joburg is also called the world’s biggest ‘dry port’. More than half of the cargo that arrives through the ports of Durban and Cape Town arrives at the container terminal at City Deep.

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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.