MyJHB

Stuff from Johannesburg

Denel goes after former staff

Johannesburg in the news:

  1. Denel goes after former staff: JOHANNESBURG – State-owned arms manufacturer Denel is targeting former employees and senior officials who may have benefited from the … – Google Alert – Johannesburg
  2. Rand Water expects pipe repairs to be completed Sunday night: JOHANNESBURG – Rand Water expects to be "pumping water" by late on Sunday night to the communities in Gauteng affected by a mayor water pipe … – Google Alert – Johannesburg
  3. Rand Water says technicians working to repair burst pipeline: JOHANNESBURG – Rand Water said on Sunday its teams were working throughout the night to repair a burst pipe that resulted in water cuts in and … – Google Alert – Johannesburg
  4. Old Mutual seeks to block Moyo: JOHANNESBURG — Old Mutual said on Friday there were conflicting interpretations of the High Court ruling, which found that it's CEO Peter Moyo … – Google Alert – Johannesburg
  5. Cheap flights to Johannesburg this week – valid until 11 August: Are you travelling on a budget and need the best deals on cheap flights to Johannesburg this week? If you're flying out from Cape Town or Durban, … – Google Alert – Johannesburg

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Have you tried: Visiting Port Elizabeth?

Did you know this about Johannesburg? The region surrounding Johannesburg was originally inhabited by San people. They were hunter-gatherers who used stone tools. There is evidence that they lived there up to ten centuries ago. By the 13th century, groups of Bantu-speaking people started moving southwards from central Africa and encroached on the indigenous San population.

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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.