MyJHB

Stuff from Johannesburg

Unplanned power outages put strain on small business in Joburg

Johannesburg, Gauteng, South Africa in the news:

  1. Unplanned power outages put strain on small business in Joburg: Unplanned power outages have put a strain on small businesses within the City of Johannesburg in recent weeks. City Power has blamed cable theft and stormy weather as some of the reasons behind power … – “Johannesburg” – BingNews
  2. Orange farm community rocked by the sudden passing of two young children: The death of two young children has rocked the Orange Farm community, south of Johannesburg. The Masoka and Nompalweni families are grappling to come to terms with the loss of eight-year-old … – “Johannesburg” – BingNews
  3. First lady Dr Tshepo Motsepe to hand over 900 shoes at Thembisa school: First Lady Dr Tshepo Motsepe is expected to hand over more than 900 school shoes to pupils at the Khatlamping Primary School in Thembisa on Wednesday. – “Johannesburg” – BingNews
  4. Weather Watch: Wednesday to bring rain in Gauteng & heat in WC: Pretoria is expected to see a high of 22°C, Johannesburg 20°C and Hammanskraal 23°C. Gauteng Tomorrow s Weather overview: 7.4.2021 pic.twitter.com/Vlzgvqu6ae SA Weather Service (@SAWeatherServic) … – “Johannesburg” – BingNews
  5. Chiefs held to a draw by Stellenbosch: JOHANNESBURG, SOUTH AFRICA – MARCH 29:Disappointed chiefs fan after loosing to AS Vita during the 2014 CAF Champions League match between Kaizer Chiefs v AS Vita (DRC) at FNB Stadium on March 29 … – “Johannesburg” – BingNews

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Have you tried: Travelling to South Africa?

Did you know this about Johannesburg? The first recorded discovery of gold on the Witwatersrand was made by Jan Gerrit Bantjes in June 1884, on the farm Vogelstruisfontein. Other farms to become famous later included Langlaagte, Turffontein, Doornfontein and Braamfontein. George Harrison is today credited as the man who discovered an outcrop of the Main Reef of gold on the farm Langlaagte in February 1886. On 12 May 1886 Harrison and his partner, George Walker, entered into a prospecting agreement with the owner of Langlaagte, one G.C. Oosthuizen. Two days later Colonel Ignatius Ferreira staked out his camp on Turffontein to serve as a centre for diggers.

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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.