MyJHB

Stuff from Johannesburg

Joburg vendors vs police: When a system wears the badge of the law but lacks moral authority

Johannesburg in the news:

  1. Joburg vendors vs police: When a system wears the badge of the law but lacks moral authority: Last week's incident in Jeppe Street in the Johannesburg CBD, in which a large group of traders attacked a SAPS and Metro Police contingent, has … – Google Alert – Johannesburg
  2. Manyama ends 26-month goal drought to help Kaizer Chiefs win: Johannesburg (AFP) – Lebogang Manyama ended a 26-month South African Premiership goal drought by scoring twice as Kaizer Chiefs began the … – Google Alert – Johannesburg
  3. Again, another Nigerian, Benjamin Okoronkwo shot dead in South Africa: … Africa has visited the scene of the ugly incident and later went to open a case of murder at Mofartview Police Station in Johannesburg south cluster. – Google Alert – Johannesburg
  4. Nigerian Taxify driver, Benjamin shot dead in Johannesburg: The Nigerian Union South Africa on Sunday, August 4, 2019 confirmed the death of a 43-year-old Taxify driver, Benjamin Okoronkwo who hails from … – Google Alert – Johannesburg
  5. Mob attack on SAPS in Joburg condemned – POPCRU: The Police and Prisons Civil Rights Union (POPCRU) condemns the mob attack on police witnessed in Johannesburg on Thursday by an alleged … – Google Alert – Johannesburg

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Did you know this about Johannesburg? City Deep is the world’s largest dry port: Johannesburg the world’s largest city that isn’t located near a coastline or navigable river. City Deep was developed 1977 by South African Railways to accommodate 50% of the city’s cargo (which comes from ports in Cape Town and Durban).

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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.