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About Johannesburg

  • Johannesburg is one of the world's leading financial centres and it is the economic and financial hub of South Africa, producing 16% of South Africa's gross domestic product, and accounts for 40% of Gauteng's economic activity. In a 2007 survey conducted by MasterCard, Johannesburg ranked 47 out of 50 top cities in the world as a worldwide centre of commerce (the only city in Africa).
  • Mining was the foundation of the Witwatersrand's economy, but its importance is gradually declining due to dwindling reserves and service and manufacturing industries have become more significant to the city's economy. While gold mining no longer takes place within the city limits, most mining companies still have their headquarters in Johannesburg. The city's manufacturing industries extend across a range of areas and there is still a reliance on heavy industries including steel and cement plants. The service and other industries include banking, IT, real estate, transport, broadcast and print media, private health care, transport and a vibrant leisure and consumer retail market. Johannesburg has Africa's largest stock exchange, the JSE although it has moved out of the central business district. Due to its commercial role, the city is the seat of the provincial government and the site of a number of government branch offices, as well as consular offices and other institutions.
  • There is also a significant informal economy consisting of cash-only street traders and vendors. The level of this economic activity is difficult to track in official statistics and it supports a sector of the population including immigrants who are not in formal employment. This informal industry is arguably the largest in the world, perhaps only second to the informal sector of Beijing.
  • The Witwatersrand urban complex is a major consumer of water in a dry region. Its continued economic and population growth has depended on schemes to divert water from other regions of South Africa and from the highlands of Lesotho, the biggest of which is the Lesotho Highlands Water Project, but additional sources will be needed early in the 21st century.
  • The container terminal at City Deep is known to be the largest "dry port" in the world, with some 50% of cargo that arrives through the ports of Durban and Cape Town arriving in Johannesburg. The City Deep area has been declared an IDZ (industrial development zone) by the Gauteng government.
  • Johannesburg is home to an extensive portfolio of public art. A diverse and evolving city, Johannesburg boasts a vibrant art scene and a variety of works that range from sculptures to murals to pieces by internationally renowned artists like William Kentridge and Gerhard Marx’s Fire Walker. Many pieces are developed through community workshops, such as the Vilakazi Street sculptures. Others are functional, such as street furniture found in Hillbrow and the City Centre.
  • Parks and gardens in Johannesburg are maintained by Johannesburg City Parks. City Parks is also responsible for planting the city's many green trees, making Johannesburg one of the 'greenest' cities in the world. It has been estimated that there are six million trees in the city – 1.2 million on pavements and sidewalks, and a further 4.8 million in private gardens. City Parks continues to invest in planting trees, particularly those previously disadvantaged areas of Johannesburg which were not positive beneficiaries of apartheid Johannesburg's urban planning.
  • Johannesburg is one of the most modern and prosperous cities in South Africa. Due to its many different central districts Johannesburg would fall under the Multiple Nuclei Model in Human Geography terms. It is the hub of South Africa's commercial, financial, industrial, and mining undertakings. Johannesburg is part of a larger urban region. It is closely linked with several other satellite towns. Randburg and Sandton form part of the northern area. The east and west ridges spread out from central Johannesburg. The Central Business District covers an area of 6 square kilometres. It consists of closely packed skyscrapers such as the Carlton Centre, Marble Towers, Trust Bank Building, Ponte City Apartments, Southern Life Centre and 11 Diagonal Street.
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