MyJHB

Stuff from Johannesburg

Fake sea and phony beaches: why Joburgers love an ocean fantasy

Johannesburg, Gauteng, South Africa in the news:

  1. Fake sea and phony beaches: why Joburgers love an ocean fantasy: Johannesburg is the largest city in the world not located on a major body of water. Yet its landlocked inhabitants have a years-old fascination with fake versions – and it’s growing … – “Johannesburg” – BingNews
  2. Osimhen scores as Nigeria move closer to topping World Cup group: Napoli forward Victor Osimhen scored to set up Nigeria for a 2-0 win over Liberia on Saturday that moved them closer to a fourth consecutive World Cup appearance. – “Johannesburg” – BingNews
  3. Cameroon, Ivory Coast set up crunch match in CAF World Cup qualifying: Cameroon and the Ivory Coast both won World Cup qualifiers on Saturday to set up a crunch clash to decide the outcome of their World Cup group. – “Johannesburg” – BingNews
  4. World Cup 2022: Cameroon and Ivory Coast qualifying battle to go to the wire: Cameroon 39;s battle with Ivory Coast for one 2022 World Cup play-off spot will go down to the final round of qualifying matches after the Indomitable Lions brushed aside 10-man Malawi. – “Johannesburg” – BingNews
  5. Coalition talks: With five hung metros, ANC needs EFF and DA needs ActionSA: Negotiations for coalitions are steaming ahead, but some parties won’t work with others, and in places hitherto unknown small parties hold the balance. The ANC would prefer to rerun elections if … – “Johannesburg” – BingNews

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Have you tried: Travelling to South Africa?

Did you know this about Johannesburg? OR Tambo International Airport is the busiest airport in Africa: It’s estimated that more than 28 million people pass through this airport’s terminals every single year. OR Tambo International has also been around for more than 60 years – it was opened in 1952.

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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.