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Stuff from Johannesburg

S. Africa’s JSE lists first social bonds on sustainability segment

Johannesburg, Gauteng, South Africa in the news:

  1. S. Africa’s JSE lists first social bonds on sustainability segment: JOHANNESBURG, March 26 (Xinhua) — South Africa’s Johannesburg Stock Exchange (JSE) received its first listed social bonds in the country to its sustainability segment, said the JSE on Friday. JSE … – “Johannesburg” – BingNews
  2. Two-part modernisation of Amandelbult platinum mine under way: Two-part modernisation is under way at the Amandelbult underground platinum group metals (PGMs) mine of Anglo American Platinum (Amplats), one where conventional mine design remains intact but is … – “Johannesburg” – BingNews
  3. The law must simply take its course when dealing with Zuma, say analysts: Former President Zuma has accused the judiciary of being beyond reproach, claiming that the country had an oppressive and unjust system. – “Johannesburg” – BingNews
  4. SOUTH AFRICA’S RECORD LOW LENDING RATES ‘WON’T LAST FOREVER’ – CENTRAL BANK GOVERNOR: South Africa’s record low lending rates, which the central bank kept unchanged on Thursday despite rate hikes in other emerging markets, will not last forever, Governor Lesetja Kganyago said on Friday … – “Johannesburg” – BingNews
  5. U.S. Stocks Advance; Oil Gains as Dollar Slumps: Markets Wrap: U.S. stocks rose on optimism over the vaccine rollout and after the Federal Reserve freed banks from restrictions on dividends. Oil gained as the dollar slumped. The S&P 500 Index turned positive for … – “Johannesburg” – BingNews

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Have you tried: Visiting Port Elizabeth?

Did you know this about Johannesburg? Johannesburg’s traffic is brutal: According to figures released earlier in 2018, the city is the 2nd most congested city in South Africa (behind Cape Town). It’s the 44th most congested city globally. Johannesburg residents spent an average of 46 hours in peak traffic in 2017. The city has more than 7500 km of roads.

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From Sophiatown to Triomf

By 1963, Sophiatown had been physically razed to the ground. In a final act of psychological warfare, the government built a white working-class suburb over the rubble and named it Triumph (Triomf). They wanted to erase the very memory of Sophiatown from the landscape. For decades, the name Sophiatown disappeared from maps, replaced by the neat, sterile streets of the victors.

The “resurrection” of Sophiatown began officially in 2006, when the City of Johannesburg formally restored the original name to the suburb. Today, the neighborhood is a quiet, leafy residential area, but the ghosts of the “Paris of the Transvaal” are everywhere. The Sophiatown Heritage Centre, housed in the former home of Dr. A.B. Xuma (a former ANC president), is one of the few original buildings that escaped the bulldozers. Walking through the streets today, you can still find small markers of the past: a lone Victorian pillar, a specific tree mentioned in a poem, or the rebuilt St. Joseph’s Church.

The legacy of Sophiatown is not just one of tragedy, but of an indestructible cultural spirit. The music, the slang (Tsotsitaal), and the “Drum” era aesthetic continue to influence South African fashion and film today. It serves as a reminder that while you can bulldoze a house and rename a street, you cannot kill the soul of a place that once danced to the sound of a thousand saxophones.