MyJHB

Stuff from Johannesburg

Third wave of pandemic shaping up to be worst one yet, hospital chiefs warn | MyJHB.co.za

Johannesburg in the news:

  1. Third wave of pandemic shaping up to be worst one yet, hospital chiefs warn: Top officials say rise in patients steeper than ever, many of them trending young; health officials said to warn of 10,000 cases a day if nothing done to curb disease … – “Johannesburg” – BingNews
  2. AFP Sports Agenda For Tuesday, January 5: Spurs host Brentford in League Cup semis + New Zealand continue World Test Championship final push + South Africa close on series win over Sri Lanka FOOTBALL — English League Cup semi-final: … – “Johannesburg” – BingNews
  3. The Man Who Fell From the Sky. Channel 4, Review: A gripping and tragic tale of stowaway refugees: In 2015, a man was found dead on a rooftop in west London, having fallen from a plane as it prepared to land at Heathrow. He had stowed away with another man in the wheel well of a Boeing 747-400, … – “Johannesburg” – BingNews
  4. Under-cooked England must hit ground running, says James Anderson: James Anderson is concerned England could be under prepared for their Test series against Sri Lanka as the challenges of touring in the midst of a pandemic continue to hit home. – “Johannesburg” – BingNews
  5. S. Africa’s coronavirus fatalities exceed 30,000: Xinhua — The death toll in South Africa due to COVID-19 on Monday surpassed the 30000 mark to reach 30011 said Health Minister Zweli … – “Johannesburg” – BingNews

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Did you know this about Johannesburg? Midrand was established as a municipality in 1981 (in an area known as Halfway House, after its position between Pretoria and Johannesburg), but ceased to be an independent town in the restructuring of local government that followed the end of apartheid in 1994. It was incorporated in the City of Johannesburg Metropolitan Municipality in 2000.

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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.