Johannesburg trade and industry has given a boost to the growing economy of the nation. With its large contribution to the national and provincial GVA, Johannesburg has emerged as the major business center of South Africa.
Johannesburg trade and industry incorporates manufacturing industries, banking and commerce, government offices and tourism. The rapid growth of trade and industry at Johannesburg has made the city the economic capital of South Africa.
Earlier mining was the integral and most prominent feature of trade and industry in the region. Even today the city houses the headquarters of a number of leading mining companies. A slack in the mining industry fastened the growth of manufacturing industries, banking services and commercial companies. This quick development fostered a rapid rise in the GDP rate of the city. Presently, the city contributes 17 percent to the national economy and 44 percent to the provincial economy.
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As per the statistics, 74% of the corporate sector of Johannesburg comprises the national companies. The banking sector of Johannesburg also contributes largely to the GDP. Another popular industry bringing in a lot of financial gain to the country is the tourism industry. The development of Johannesburg, as the major business center of the nation, has resulted in a rapid growth of tourism in the region. Along with this it has also broadened the scope of employment.
One of the major trading centers in Johannesburg, which has given a boom to the nation's economy, is the JSE Ltd or the stock exchange of Johannesburg. With a market capitalization value of $579.1 billion in the year 2006, the JSE emerged as the major exchange house of South Africa.
The city offers a myriad of trade shows that help in the development of business, corporate relations, customer management and technology. Customer Management World Africa is one of the popular annually held trade shows.
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