MyJHB

Stuff from Johannesburg

South Africa’s health body sees threefold higher risk of reinfection from Omicron

Johannesburg, Gauteng, South Africa in the news:

  1. South Africa’s health body sees threefold higher risk of reinfection from Omicron: JOHANNESBURG: The new Omicron variant of the coronavirus poses a threefold higher risk of reinfection than the currently dominant Delta variant and the Beta strain, a group of South Africa … – “Johannesburg” – BingNews
  2. Dead pastor lies at funeral home for 3 months as his family wait for his resurrection: Pastor Siva Moodley’s body has been lying in a funeral home in Fourways, Gauteng, because his family is praying for his resurrection. – “Johannesburg” – BingNews
  3. Joburg’s COVID infection rate fast approaching that of Tshwane’s – Makhura: The Gauteng Croronavirus Command Council said that the province was expected to reach its fourth wave peak over the next two weeks. – “Johannesburg” – BingNews
  4. U.S. citizen describes stressful trip to South Africa: Brett Nestadt boarded a plane headed for Johannesburg. It’d been 3 years since he’d seen his family in South Africa and he was excited for the reunion. But while he was midair, news broke that the … – “Johannesburg” – BingNews
  5. Moja Love suspends Jub Jub after controversial Mac G podcast: Moja Love has suspended Jub Jub following his utterances during Mac G’s podcast and chill. In a statement, Moja Love said, “Jub Jub conducted an interview on Podcast and Chill with MacG, which aired … – “Johannesburg” – BingNews

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Did you know this about Johannesburg? There is only one other city on the continent that is bigger than Joburg, and that is the bustling metropolis of Cairo in Egypt. Johannesburg is the second biggest city on Africa.

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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.