MyJHB

Stuff from Johannesburg

Senegal, Morocco secure top spots in World Cup qualifying groups

Johannesburg, Gauteng, South Africa in the news:

  1. Senegal, Morocco secure top spots in World Cup qualifying groups: Senegal’s Famara Diedhiou scored a hat-trick on Tuesday to propel his country into the final phase of African World Cup qualifying followed later in the day by Morocco who also guaranteed top spot in … – “Johannesburg” – BingNews
  2. 7 people arrested after foiled robbery in Sandton: It’s understood the armed suspects were on their way to raid a chain of stores in Woodmead when they were intercepted by law enforcement on the highway. – “Johannesburg” – BingNews
  3. Billionaire-Backed South African Stock Exchange Expects 2023 Breakeven: Four-year-old South African stock exchange A2X, backed by billionaire Patrice Motsepe’s African Rainbow Capital Investments Ltd., expects to break even by 2023 as trading in the secondary listings it … – “Johannesburg” – BingNews
  4. Seven arrested in foiled Sandton robbery: Gauteng police have arrested a gang of seven suspects who were allegedly on their way to rob chain stores in Woodmead, Sandton. – “Johannesburg” – BingNews
  5. Lions lead the way in Africa: With four wins in as many matches, the Atlas Lions and their Teranga counterparts are assured of top spots in Groups I and H respectively and can enjoy their final two fixtures free of pressure. – “Johannesburg” – BingNews

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Have you tried: Visiting Port Elizabeth?

Did you know this about Johannesburg? While Johannesburg has a reputation as one of the most dangerous cities in the world, it takes an average of only 60 seconds for police to respond to a crime scene in the central business district (CBD). There is a CCTV system that covers every street corner and scanning vehicle licence plates.

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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.