GDP per Capita: |
$13,000 |
Major Exports: |
Gold, Coal, Platinum,
Minerals, Metals, Food, Diamonds & Chemicals |
Major Foreign Exchange Counters: |
ABSA Bank, American
Express, Rennies & Master Currency |
Key Industries: |
Mining (Platinum, Gold,
Chromium), Automobile Assembly, Metalworking, Machinery, Banking,
Textile, Iron & Steel, Convention, Chemical, Fertilizer & Food
|
Major Industrial Areas: |
Boksburg, Benoni,
Brakpan, Germiston, Alberton & Springs |
Major Business Hubs: |
Expo Center Nasrec,
Sandton Convention Center, Gallagher Estate, Johannesburg Securities
Exchange, Sandton & Diagonal Street |
| Around 40% of the
world's gold is found in the greater Johannesburg region that's why the
city often known as the City of Gold. |
| The city also is
home to the largest "dry port" in the world with some 60 % of
cargo that arrives through the port of Durban arriving in Johannesburg. |
Business Overview
The economic and financial cradle of South Africa, Johannesburg is where
the deals are made. There is hardly any major international company doing
serious business in sub-Saharan Africa that has not looked to this most
powerful commercial center of African continent as the gateway. This is the
reason why today more than 70% of the country’s companies have their
headquarters here.
Johannesburg for long has been the indisputable source of a large-scale
gold and diamond trade, due to its location on the mineral-rich
Witwatersrand range of hills making mining its development foundation.
Due to its commercial importance, Jozi is also the site of a number of
government branch offices, consular offices and other institutions that are
usually found only in capital cities. The city has great varieties of
manufacturing industries including steel & cement plants. While many
banking and commercial companies are also located here in the name of
service industries. Further promoting the financial activities is the
Africa's largest stock exchange situated in the Johannesburg.
The foreign investment is on the increase in the city mainly due to the
reason that Johanna is the country's top exhibitions venue, landing more
than half the number of all exhibitions held in South Africa. A strategic
alliance formed between Johannesburg Tourism Company and Exhibition
Association of Southern Africa (Exsa) promotes Johannesburg as a prime
destination for national and international exhibitions, conventions and
special events to a great extent.
The city houses more than 800 venues for all types of conferences, meetings
and trade events like Expo Centre Nasrec, Gallagher Estate and Sandton
Convention Center.
Major Business Centers
Johannesburg Securities Exchange (JSE):
Situated at Sandton region near Johannesburg, JSE is the largest stock
exchange in Africa and 16th largest worldwide.
The exchange has over 400 listed companies and has billion-dollar market
capitalization and average monthly traded value.
Expo Center, Nasrec:
Known for its warm hospitality and professional services, Expo Center
Nasrec is the largest and most versatile exhibition, convention and events
venue of South Africa. The center offers over 42,000m2 of covered space and
80,000m2 of additional outdoor multi purpose space.
Further the center has every facility a visitor can thing of. Besides
having a secure parking for up to 20000 vehicles, the venue is also equipped
with all infrastructural requirements such as banking facilities,
telecommunication services and five star in house catering facilities.
Major Commercial Areas
Sandton:
Sandton is new premier business and financial center of Johannesburg
featuring many corporate headquarters, JSE and Johannesburg Expo Center
along with Nelson Mandela Square, Wanderers Stadium and the most prestigious
cricket ground in South Africa. The region has gained this commercial in the
last 15 years since much of the financial focus of the city has shifted here
from the Central Business District. Since then the skyline of Sandton has
grown rapidly and there are many projects under development in the area as
wells
Besides headquartering several investment banks and financial consultants
including Nedbank along with a considerable amount of city's A-grade office
space, the area is also an important retail hub. One of the main attractions
of Sandton, Sandton City is one of the largest shopping centers in Africa
having around 144,000m² of shopping space together with Nelson Mandela
Square.
Last but not the least, being the center business tourism of the city,
Sandton houses most of the luxury hotels of Johanna as well.
Major Manufacturing Zones
Boksburg:
Lying on the East Rand of Gauteng, Boksburg is the place where gold was
discovered in 1887. The fact that the region is linked with other major
mining towns through the main Reef Road makes it a diversified industrial
center and most important gold-producing towns on Witwatersrand.
Well connected by most of the neighbouring important cities and well
provided by most of the basic facilities especially water through the dam on
Boksburg Lake, Boksburg has wide range of manufacturing units flourishing
around it.
