The City of Johannesburg is a centre of entrepreneurship, often called teh economic hub of South Africa.
According to the City of Johannebsurg’s department of Economic Development, this is why:
It has the highest rate of employment and business activity you’ll find anywhere in the country.
As a result it has the biggest population in-migration as entrepreneurs and job seekers, ranging from multinationals in state-of-the-art high rises to the informal traders on the sidewalks, come to the city, attracted by the business opportunities it offers. Not surprisingly, 74 per cent of the head quarters of the stock exchange listed companies are based in Johannesburg, giving it the largest concentration of major corporate headquarters anywhere in Africa.
Currently Johannesburg ranks 104th out of 13,420 cities as an investment destination.
In terms of outward investment, Johannesburg is at the top. It also has the highest concentration of banks and financial services, making it an ideal forward operating base for any serious investor.
Do you agree with the department of Economic Development’s stance on Joburg’s economic status? Let us know in the comments below.
Source: www.joburg.org.za/Department of Economic Development
