Focus on Johannesburg, Gauteng, South Africa
Johannesburg - A Brief History
The area of Johannesburg began as unassuming farm land in an area known as The Witwatersrand; named after the white water springs that coursed the land. Beneath that rough but serene country was Gold.
Until George Harrison, an Australian prospector, came pioneering, the mineral wealth of the Witwatersrand lay undiscovered, as did the potential for a city. In 1886, after George had sold his gold claim for just £10, Johannesburg was born. He could not have been conscious of the profound world history that would unfold here. If hed had only a glimmer of the city it would one day become, now in Gauteng, place of gold.
Much like its recently declared sister city, New York, Johannesburg has always attracted diverse people and been a place of extremes; its been everything from the best to the worst of cities since 1886.
Johannesburg celebrated its centenary in 1996, twenty years after the students uprising in Soweto (1976) which marked the turning point in South African history. After the youth uprising 1976, the socio-political scenario changed drastically and irrevocably ...
This Egoli with gold in its mud, became the hotbed for radical economic, social and political transformation. For most Jozi citizens, the first democratic elections in 1994 signalled a well being among all citizens, and a beginning of a new era.
Miss World 2008 News
Johannesburg Tourism Company (JTC), the primary driver of the Joburg tourism brand, is ready to host the Miss World Pageant the worlds most watched annual TV show on the 13th December 2008 at the Sandton Convention Centre.
The Miss World pageant is the oldest and one of the most publicised international
beauty pageants in the world. Created in the United Kingdom in 1951, the
pageant is owned and managed by Miss World Limited and franchised in more
than 130 countries. Under the banner of its 'Beauty with a Purpose' program
it has, in the past 25 years raised more than US $ 400 million for children's
charities around the globe.
Joburg's status as the economic powerhouse of Africa has been confirmed in the first MasterCard Emerging Markets Index, which places it at 11 out of 65 emerging market cities.
JOHANNESBURG has emerged as the 11th most important city among emerging market countries, in a new study done by MasterCard. Cape Town and Durban were placed 33rd and 37th, respectively.
"South Africa's status as an emerging regional economic powerhouse was confirmed today by the findings of the first MasterCard Worldwide Centres of Commerce: Emerging Markets Index," reads a press statement from MasterCard. The results were presented at a breakfast at the Westcliff Hotel on Wednesday, 19 November.
Other African countries on the list are Tunis, in Tunisia at 40th; Cairo, in Egypt at 44th; Casablanca, in Morocco at 53rd; Nairobi, in Kenya at 63rd; and Dakar, in Senegal at 65th position. "The index provides valuable insights into the 65 leading cities driving growth within more than 30 emerging markets," says MasterCard.
Top of the table were two Chinese cities: Shanghai and Beijing. Third was Budapest, in Hungary; next was Kuala Lumpur, in Malaysia; 5th was Santiago, in Chile; followed by Guangzhou, in China; and Mexico City, in Mexico; 8th was Warsaw, in Poland; and then Bangkok, in Thailand; and Shenzhen, in China. In all, China had eight cities placed in the top 20.
Mayoral committee member for community development, Nandi Mayathula-Khoza, opened the morning's presentation.
"Johannesburg is indeed honoured to be named so high up on the list," she said. "We regard it as due recognition of the efforts of the city over the past decade to create a stable environment that can attract business, investment and trade both from inside South Africa and from abroad."
She spoke of the demands of "rapid social and economic transformation" from an apartheid city to an inclusive city. Much had been achieved, with the city this year showing a 6,4 percent growth rate over the past year.
"Within this environment, Johannesburg aims to develop the city's economy as the key economic hub on the continent, and a national economic growth leader by ensuring sustainable shared growth that benefits all."
The City's transport plans, like Rea Vaya, with its connections to the Gautrain and Metrorail, would measurably improve life for its citizens, as well as boost the economic growth of Johannesburg. Preparations for the 2010 World Cup were also a focused injection of capital and infrastructure into the city.
"Given current developments in the city, we are confident that Johannesburg will, in future years, rise in the index as a number of projects that are currently under way become fully operational."
The fact that three South African cities appear on the index indicates "the African continent's growing importance in the global economy", reads the report.
"Given the current economic climate, MasterCard is focused on providing valuable insights that assist our customers in identifying new market opportunities for the future. The Emerging Markets Index is key to that commitment," said Anthony West, the general manager of MasterCard Africa. "By evaluating 65 emerging market cities and their increasingly important roles in global commerce, the index offers companies a roadmap for where commerce is headed next."
The Emerging Markets Index is an offshoot of the MasterCard Worldwide Centres of Commerce, which is a larger effort to understand the role of cities in the global economy.
The index was developed by a panel of nine independent experts from the fields of economics, sociology and urban studies from top academic and research institutions around the world.
Cities are leading indicators
Cities are generally considered to be leading indicators for national economies and global economic trends, particularly growth potential.
Economist Mike Schussler, who presented a breakdown of the study, said that worldwide there had been a big move to cities over the last 200 years, which now averaged some six million people. This density of population brought with it economic benefits, economic reach and an impact at the global, regional and national level. "Cities rule the world. The power lies in the cities."
Schussler said that developing nations now constituted 40 percent of the world's 50 largest economies, and more than 50 percent of the 50 fastest growing economies. China, with 15 cities included in the ranking, outshone the other 32 countries covered by the index.
On the other hand, India, with eight cities included in the index, dominated South Asia, while Brazil had five of its cities included in the index, making it the dominant country in Latin America. Russia, with four cities listed, dominated emerging Europe. South Africa had three of its cities included, underscoring its regional dominance, said Schussler.
Emerging markets were growing faster than developed world markets; and the richest place in Africa was Gauteng. "This means it is a very big magnet to drawing people here. It is an island of wealth in a sea of poverty."
The study measured countries' performance on eight emerging market dimensions:
1 Economic and commercial environment
2 Economic growth and development
3 Business environment
4 Financial services environment
5 Commercial connectivity
6 Education and IT connectivity
7 Quality of urban life
8 Risk and security
Schussler said that the JSE was the 22nd most-traded stock exchange in the world, and the biggest stock exchange in Africa. It would, therefore, be a good idea to get other African countries to list their companies on the JSE. In the same vein, Joburg had a huge fresh produce market, and was a major exporter of metals, so setting up commercial exchanges in produce and metals would be a great boost to the market.
"Joburg could make the fresh produce market prices electronic and encourage more commodity trading."
However, he expressed concern about the high cost of internet and telephone services, including downtimes. The cost of importing and exporting was also high, with high transport costs like constraints in the harbours, customs delays, rail and traffic congestion adding to business costs.
His biggest concern was education - he indicated that although we spent 5,4 percent of GDP on education, above the world average of 4,7 percent, we still had a lot of pupils dropping out of school between grades 10 and 12.
"Ghana and Botswana beat us on education. We don't need more money; we need a better system."
Finally, the study refers to the rapid rise of influence of the BRIC nations - Brazil, Russia, India and China - and asks whether South Africa is "a new BRIC in the making".
"South Africa is clearly on the move and worth watching. South African cities serve as important gateways to other African markets and will grow in value as Africa becomes more open to Western companies and products."
Article from: www.joburg.org.za