MyJHB

Stuff from Johannesburg

Pro-democracy activists heartened by US system’s resilience | MyJHB.co.za

Johannesburg in the news:

  1. Pro-democracy activists heartened by US system’s resilience: Although pro-democracy and human rights activists around the globe were stunned to see a raging mob storm the U.S. Capitol, they say they were heartened and inspired because the system ultimately prev … – “Johannesburg” – BingNews
  2. AB InBev’s S.African brewer suspends commitments on jobs, investment: The South African Breweries (SAB) has suspended commitments to retain workers and investments, agreed as part of its merger with Anheuser-Busch InBev, due to the country’s decision to ban alcohol … – “Johannesburg” – BingNews
  3. ANC to focus on defeating COVID-19, rebuilding economy in 2021: president: President Cyril Ramaphosa said on Friday night that the party’s main focus in 2021 is to defeat COVID-19 and rebuild economy. Ramaphosa made the remarks while addressing the 109th founding anniversary … – “Johannesburg” – BingNews
  4. Scientists surprised to discover two dwarf giraffes in Namibia, Uganda: Being tall is the giraffe’s competitive advantage, giving it the pick of leaves from the tallest trees, so scientists were stunned to find two giraffe dwarves on different sides of Africa. – “Johannesburg” – BingNews
  5. Stop using important gatherings as battlegrounds for factions, urges Nzimande: SACP general secretary Blade Nzimande has urged the ANC-led Tripartite Alliance to stop using important gatherings as battlegrounds for factions. – “Johannesburg” – BingNews

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Have you tried: Travelling to South Africa?

Did you know this about Johannesburg? A census was conducted in January 1896 recorded that Johannesburg then had 102 078 inhabitants, of whom 61 292 lived within the three mile radius of Market Square and 40 786 outside. There were 50 907 Europeans or Whites, 952 Malays, 4 807 Asiatics, 2 879 mixed or other races and 42 533 Natives of whom 14 195 lived within the three mile radius and 28 838 outside. Of the 24 489 Whites born in Europe, 12 389 were from England and Wales, 997 from Ireland and 2 879 from Scotland. Of the 24 500 Europeans born in Africa, 6 205 were born in the Transvaal and 15 162 in the Cape Colony. New suburbs included: Klipfontein, Forest Town, Hillbrow, Berea, Yeoville, Bellevue, Houghton, Vrededorp, Paarl’s Hoop, Robinson, Ophirton, La Rochelle, Rosettenville, Klipriviersberg, City & Suburban, Doornfontein, Bertrams, Lorentzville and Troyeville. It was also recorded that there was a Malay Camp, Brickfields, a Coolie Location and a Kafir Location. Kliptown is the oldest Black residential district of Johannesburg and was first laid out in 1891 on land which formed part of Klipspruit farm.

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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.