MyJHB

Stuff from Johannesburg

Direct flight options between SA and Australia on hold until late 2021 | MyJHB.co.za

Johannesburg in the news:

  1. Direct flight options between SA and Australia on hold until late 2021: Qantas has cancelled its direct flights between Sydney and Johannesburg until late October 2021. Qantas has updated its schedule for the coming year. The recently released schedule indicates that … – “Johannesburg” – BingNews
  2. Sasol completes LDPE unit in Louisiana: Sasol Ltd. has started production on a new unit making low density polyethylene resin in Lake Charles, La. Officials with Sasol in Johannesburg, South Africa, said that the unit began operating on Nov … – “Johannesburg” – BingNews
  3. Liquid Telecom and Zayo partner to Expand Global Network Coverage: African telecoms group, Liquid Telecom, has announced their partnership with Zayo Group Holdings, Inc., a global … – “Johannesburg” – BingNews
  4. SABC news staff on a go-slow, refuse to go on air: SABC news employees at Auckland Park embarked on a go-slow, with some allegedly refusing to go on air, in a dispute over looming retrenchments on Tuesday … – “Johannesburg” – BingNews
  5. SABC stops issuing retrenchment letters: The SABC has stopped issuing retrenchment letters, following a heated staff meeting on Tuesday afternoon. The public broadcaster’s COO Ian Plaatjies and Executive of News Pathiswa Magopeni held a … – “Johannesburg” – BingNews

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Did you know this about Johannesburg? Johannesburg is the home of Kwaito music, a catchy genre of African house music that was born in the 90s and has become a South African phenomenon. It is most famous for its catchy lyrics that embody post-apartheid township culture.

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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.