MyJHB

Stuff from Johannesburg

Remembering some of those for whom the bell tolled during 2020 | MyJHB.co.za

Johannesburg in the news:

  1. Remembering some of those for whom the bell tolled during 2020: Bill Withers speaks at the GRAMMY Museum on February 24, 2020 in Los Angeles, California. (Photo: Rebecca Sapp/ for The Recording Academy ) Three-time Grammy winner Bill Withers released just eight … – “Johannesburg” – BingNews
  2. Morocco secures 65m Covid-19 vaccines: The North African country is reportedly getting ready to carry out a large-scale immunisation programme targeting 80 percent of its adult population. – “Johannesburg” – BingNews
  3. Cheques end a giant leap into SA digital payments future: A BANKING executive has hailed the impending end of cheques is a historic moment for South Africa. By January 1, 2021, individual consumers and businesses will no longer be able to cash cheques in … – “Johannesburg” – BingNews
  4. SL vs SA: Rabada called up to SA Test squad: The third day of the first Test match between Sri Lanka and South Africa stopped for lunch a short while ago, with South Africa leading by 39 runs. For the first inning, Sri Lanka scored 396 runs for … – “Johannesburg” – BingNews
  5. Rabada added to Proteas squad: Proteas fast bowler Kagiso Rabada has been added to the Proteas squad after recovering from an injury. The pace ace was ruled out of the recent limited-overs series against England after sustaining a … – “Johannesburg” – BingNews

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Did you know this about Johannesburg? 40% of all the world’s human ancestor fossils have been discovered in and around Johannesburg: Most of the fossils were found in the area which is now known as the Cradle of Humankind. It was declared as an UNESCO World Heritage Site in 1999. The site currently occupies 47,000 hectares and contains a complex of limestone caves.

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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.