MyJHB

Stuff from Johannesburg

Extremist violence causes food shortages in north Mozambique | MyJHB.co.za

Johannesburg in the news:

  1. Extremist violence causes food shortages in north Mozambique: The escalating extremist insurgency in northern Mozambique has displaced 310,000 people, creating an urgent humanitarian crisis, the World Food Program … – “Johannesburg” – BingNews
  2. Nigeria: Q&A – How I Turned Brain Drain to Brain Gain: Folakemi Odedina was told she would never finish her studies when she got married and became pregnant in her first year at graduate school. But, she overcame doubt and discrimination to become an … – “Johannesburg” – BingNews
  3. ANC Gauteng tells Ramaphosa Diko cannot return as spokesperson just yet: ANC Gauteng secretary Jacob Khawe said the party told the president that it was in the government’s best interests for the party to reach finality on the cloud over her head before she returns to work … – “Johannesburg” – BingNews
  4. South Africa’s rhino poaching drops during virus lockdown: JOHANNESBURG (AP) — South Africa’s anti-COVID-19 lockdown is credited with helping to achieve a dramatic drop in rhino killings, but as the country o … – “Johannesburg” – BingNews
  5. The Latest: Sweden’s PM keeps limit on gatherings: Russia reports highest daily cases since July — India reports another 86,508 new coronavirus cases — UK to subsidize wages of pandemic-idled workers — Israeli government moves to limit prayers, … – “Johannesburg” – BingNews

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Have you tried: Visiting Port Elizabeth?

Did you know this about Johannesburg? While Johannesburg has a reputation as one of the most dangerous cities in the world, it takes an average of only 60 seconds for police to respond to a crime scene in the central business district (CBD). There is a CCTV system that covers every street corner and scanning vehicle licence plates.

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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.