SOUTH Africa is one of the world’s largest emerging economies and offers not only access to a population of 49,3-million internally, but also to the 1-billion people of Africa. Johannesburg, known colloquially as Joburg or Jozi, is the economic capital of South Africa and Africa’s most powerful economy, generating some 17 percent of SA’s wealth, with a growth rate higher than that of the national economy. It is the gateway to Africa.
As the continent’s economic hub, it’s the place where business starts. Joburg ranked No 1 in Africa and No 11 globally as best emerging market centre of commerce (2008 MasterCard survey). The City’s growth is due to its visionary leadership, diversification to globally fast growing sectors, its socio-economic development and a conducive climate for foreign direct investment (FDI).
While the rate of return on FDI is higher in Africa than anywhere else in the world (2009 African Economic Outlook), Joburg is enjoying a substantial percentage of all investment. It is a primary business city, a dynamic centre of production, innovation, trade, finance and services.
For more information on investing in SA, go to the DTI website.
HAD he still been alive, Walter Sisulu would be 100. The City and others celebrated his legacy on this important milestone, saying he was an example to all.
THE second outdoor gym has opened in Joburg, this time in Diepsloot. Excited residents greeted the opening, and were keen to learn how to use the equipment.
TWO organisations that benefited from the Chief of Police Charity Golf Day, an annual fundraiser, were delighted with the donations, handed over at the JMPD headquarters.
THE Johannesburg City Library is a splendid building, made more so through the long restoration that has returned it to its glory days, and added some modern elements.
