MyJHB

Stuff from Johannesburg

Cape Town and Lagos streets join Joburg’s Melville on cool list, here’s why

Johannesburg, Gauteng, South Africa in the news:

  1. Cape Town and Lagos streets join Joburg’s Melville on cool list, here’s why: Cape Town comes in at 22nd place and Lagos just gets in at 29th spot. Vibey Melville takes 12th position, with Melbourne’s Smith Street, Barcelona’s Passeig de Sant Joan and London’s South Bank in the … – “Johannesburg” – BingNews
  2. Five lessons the Lions need to learn from 2009: Planet Rugby features writer James While studies the lessons the British & Irish Lions must learn from 2009 on this year’s tour to South Africa. – “Johannesburg” – BingNews
  3. Msutwana grateful to be back on set of ‘The Queen’: Johannesburg – The Queen thespian Zandile Msutwana is back in the studio after an urgent leave-demanding injury sustained on set. Fans have been missing … – “Johannesburg” – BingNews
  4. ‘Please go get your Covid jabs,’ WC education dept urges teachers: Basic Education Minister Angie Motshekga announced this weekend that teachers would be vaccinated from Wednesday onwards. – “Johannesburg” – BingNews
  5. Kaizer Chiefs’ Bruce Bvuma growing in stature after Wydad Casablanca heroics: Goalkeeper Bruce Bvuma produced a top performance as his daring saves ensured that Kaizer Chiefs held a healthy advantage over Wydad Casablanca ahead of the second leg. – “Johannesburg” – BingNews

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Have you tried: Reach Trust for Solar and Building Management?

Did you know this about Johannesburg? The Standard Bank Centre is in Fox and Simmond Streets in central Johannesburg. During the excavation, three stories below ground level, they came across an old stope. It was part of the workings of the old Ferreira Mine. The building’s foundations were stabilised by backfilling the No. 1 level of the workings with concrete grout, but part of the stope was preserved as a museum. The building was completed in 1970. It was constructed by first building a central core and cantilever arms and then suspending the floors from the arms. The Centre houses a renowned art gallery.

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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.