Companies in Johannesburg

The fast growing companies in Johannesburg are major contributors to the Gross Domestic Product of the country. Initially a mining center, the city's economy presently strives on the booming financial and service sector.

With the aid of the myriad of companies in Johannesburg, the city has emerged as the financial and economic hub of the South African nation. Statistics have revealed that the emerging financial and business sectors have conducively added to a third of the Gross Geographic Product of the region.

The Corporate Sector

It has been estimated that the formal sector in Johannesburg comprised of 290,000 enterprises among which 74% accounts for the head offices of various national enterprises. The growth of corporate houses in Johannesburg has led to rising congestion in the city. Presently, a rising trend shows the establishment of office heads in the suburban regions. The international bank offices primarily have their head offices located within the premises of the city. According to a survey conducted in 2002, the city recorded the presence of 580 accountancy companies. The largest stock exchange in the African continent, JSE Securities Exchange is also situated in the city of Johannesburg.

Source of Employment

Apart from the empowerment of the natives, the companies of Johannesburg are also a major source of income to the people of the city. The growth and concentration of the companies have led to constant urbanization and rise in population in Johannesburg. In 2002, the various business enterprises employed 950,000 people.

Various Enterprises in Johannesburg

Some of the major enterprises of the nation that have their head offices and centers at Johannesburg are listed below:

• AIG Investments
• NokusaEI
• Blue River Stone
• Confluence Digital Research
• Bokamoso Consultancy
• Evolutions Research Solutions
• NetSync
• Niche Research
• World Wide Worx

The presence of the various companies at Johannesburg has led to the development of the city as the nodal point of business and global contact in South Africa. Some of the important companies are also the focus of control of the business and corporate sector of various other cities in the continent.