MyJHB

Stuff from Johannesburg

WATCH: Soweto flautist becomes first African to win international music scholarship

Johannesburg in the news:

  1. WATCH: Soweto flautist becomes first African to win international music scholarship: One Saturday afternoon in the late 90s, the National Symphony Orchestra (which has since morphed into the Johannesburg Philharmonic Orchestra), … – Google Alert – Johannesburg
  2. Richard Mdluli sentencing scheduled for September, he intends appealing: … boss Richard Mdluli and his co-accused Mthembeni Mthunzi will be heard on September 19 and 20 in the Gauteng High Court in Johannesburg. – Google Alert – Johannesburg
  3. Peter Moyo returns to work despite Old Mutual warning not to: JOHANNESBURG – Old Mutual CEO Peter Moyo on Wednesday morning returned to work at the insurer's headquarters in Sandton, despite warnings … – Google Alert – Johannesburg
  4. JHB Pride celebrates 30 years with Pride of Africa launch: Johannesburg – After 30 years of advocacy, Johannesburg Pride has become the most established and well-attended pride event in South Africa, … – Google Alert – Johannesburg
  5. Moyo back at the Old Mutual offices in Johannesburg: Old Mutual chief executive Peter Moyo has reported back for duty on Wednesday after being granted victory in the Johannesburg high court on … – Google Alert – Johannesburg

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Have you tried: Visiting Port Elizabeth?

Did you know this about Johannesburg? Johannesburg is the home of Kwaito music, a catchy genre of African house music that was born in the 90s and has become a South African phenomenon. It is most famous for its catchy lyrics that embody post-apartheid township culture.

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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.