Johannesburg (/dʒoʊˈhænᵻsbɜːrɡ/; Afrikaans:[joˈɦɐnəsbœrχ]; also known as Jozi, Jo'burg, eGoli, and Joeys, and abbreviated as JHB) is the largest city in South Africa. It is the provincial capital of Gauteng, which is the wealthiest province in South Africa. The city is one of the 50 largest urban agglomerations in the world, and is also the world's largest city not situated on a river, lake, or coastline. The city was named and established in 1886 following the discovery of gold on what had been a farm. The city is commonly interpreted as the modern day El Dorado due to the extremely large gold deposit found along the Witwatersrand The name is attributed to one or all of three men involved in the establishment of the city. In ten years, the population was 100,000 inhabitants. While Johannesburg is not one of South Africa's three capital cities, it is the seat of the Constitutional Court, which has the final word on interpretation of South Africa's constitution as well as with issues in connection with constitutional matters. The city is the source of a large-scale gold and diamond trade, due to its location on the mineral-rich Witwatersrand range of hills.
Known as the Transvaal Observatory until 1912, it became the Republic Observatory in 1961. Well remembered for the quality of its Directors, work done on minor planets and the discovery of Proxima Centauri, growing light pollution problems in Johannesburg led to its closure in 1971-1972.
The International Finance Corp (IFC) today announced it will provide credit of up to $150 million to Johannesburg-based lender AbsaBank to finance renewable energy and climate change-related projects it what it labeled “Africa's first certified green loan.”.
Johannesburg. Former finance minister Malusi Gigaba has reacted to the testimony given by his estranged wife Norma Gigaba at the Commission of Inquiry into StateCapture on Monday. In a series of tweets, Gigaba shared his views on Mngoma’s statements. He wrote ... The affidavit still has to be mended,” said Mngoma at the time ... “I'm confused.
JOHANNESBURG - Finance MinisterTito Mboweni has warned that South Africa was unlikely to reach its 2019 output levels before 2023, as the economy fell into a deeper contraction last year ... “Without faster growth, South Africa is unlikely to reach 2019 output levels before 2023,” Mboweni said ... email@example.com. BUSINESS REPORT .
He praised his colleague Lindel Papiah, the finance manager, for her work in completing financial audits for three years and bringing the accounts up to date ... Papiah, originally the accountant in KZN, was moved up to Johannesburg in 2014 to take over national finances and was praised at the time for installing a new accounting system.
JOHANNESBURG - Finance MinisterTito Mboweni has appointed Unathi Kamlana as Commissioner of the Financial Sector ConductAuthority (FSCA) for a five year term from June 1, his department said on Thursday ... The finance ministry said Mboweni had also appointed Astrid Ludin as a deputy commissioner of the FSCA for five years, also commencing in June.
JOHANNESBURG - Nedbank will stop financing new thermal coal mines from 2025 and cut direct funding of new oil and gas exploration projects with immediate effect, it said on Thursday amid growing pressure on banks from climate activists.
Johannesburg - The highly anticipated face-off between former Finance MinisterMalusi Gigaba and his estranged wife Norma Mngoma at the Zondo commission has been rescheduled to next Tuesday ... to Gigaba when he served as minister of public enterprises and as minister of finance.
For decades, companies, especially tech providers, have followed a certain operational pattern ... The problem with concentrated resources in the urban landscape ... The same holds true for other industries in other cities as well (finance in London, New York, and Johannesburg, for example) ... Embracing a better way.
Mr ... These pillars he said are ... He added ... We have taken a decision to build what we call the ‘Sekondi-Takoradi Financial Services Hub’, so that all these underpins can be built with financing. I am interested in the story of Johannesburg, and I believe we can easily do same without blinking an eye,” the regional minister added ... ....
“We expect it to be a reasonably busy year from an investment banking perspective,” said Bank of America’s SA country executive, Richard Gush... So the defensive work is mostly done ... The firm operates an office of 65 people in Johannesburg active in institutional equity trading and research, corporate finance, and debt and equity capital raising.
This follows violent confrontations between police and students last week which claimed the life of a bystander outside the Wits campus in Johannesburg. The student union said it rejected Finance MinisterTito Mboweni’s decision - announced in his annual budget speech - to cut budgets and reduce university subsidies for higher education ...IOL .
Johannesburg - Gauteng Finance MEC Nomantu Nkomo-Ralehoko on Thursday announced that the province’s gross domestic product (GDP) shrunk by almost R81 billion from R1.1 trillion in 2019 to R1 trillion last year. Nkomo-Ralehoko was delivering the Gauteng Budget at the provincial legislature ... .