Africa’s giant mega-city that’s the ‘best’ for business with over 12,000 millionaires | World | News
Africa is one of the fastest developing continents in the world. There are a range of infrastructure projects, including new train lines and highways. At the same time, many cities are expanding rapidly and now it becomes what many of them call Mega metropolis. One of them is Johannesburg, believed to be the best city in Africa.
The city is home to more than 12,000 million million with dozens of ultra -rich individuals and billionaires. It is also considered to be the richest city in the world’s largest continent by defeating competitors such as Cairo, Cape Town and Lagos. It has a population of slightly over six million in 2025.
Business Insider Africa and Henley & Partners’ resources, including the 2024 African wealth report, say that the city is currently currently 12,300 millionaer, 25 million million (people with a net value over $ 100 million) and two billionaires.
Johannesburg, also known as Jobang or Jozi, is home to the largest stock market of Africa – Johannesburg Stock Exchange – and the center of some continent’s best banks and companies.
Most of the wealth are generally centered in the Sandon region, which is often called the richest the richest mileage square in Africa ..
Luxury shopping centers are full of five -star hotels and international designer brands such as Louis Vuitton and Gucci.
When it comes to the history of the city, it dates back to the 1880s when gold is discovered under Witwatersrand hills.
The discovery rapidly created a golden hurry that quickly transformed the region into the economic heart of South Africa. Johannesburg is still called the “Golden City ..
Today, mining still plays a major role. Outside the city, the Mponeng Gold mine, which is believed to be the deepest in the world, is sitting.
It reaches more than 2.2 miles from the ground and the estimated 46 million ounce of gold.
Johannesburg is a city full of culture. Visitors can visit places such as the Apartheid Museum, the Constitution Hill or the Soweto district where many apartheid leaders once lived.
According to visitors, these ground signs often tell the story of the struggle and progress of South Africa.
But the city faces difficulties. Inequality, crime and poor infrastructure are just a few of the ongoing problems.
A municipal council report recently revealed the infrastructure deficit of 221 billion Rand (£ 9.4 billion), power cuts, pits and water scarcity affecting daily life.
However, Johannesburg continues to be a major financial center and a global travel center.
Or Tambo International Airport is one of the busiest airports in Africa, which connects millions of travelers each year.
