SONA 2015

Hmm
Head office of the Firstrand group is in the building next door to me
Head office of Nedbank is across the road
Head office of Standard bank is 10km away
Head office of ABSA - 10km away
Investec - can see it from here.

Hint: I'm not in the Cape.

+1

I've never had to go to CT to negotiate finance on a deal. All of it was between Sandton and Joburg CBD !

Add IDC and PIC in Sandton and:

Gauteng is the financial capital of Africa: more than 70 foreign banks have their head offices in the province, and at least that number of South African banks, stockbrokers and insurance giants. The JSE Ltd in Johannesburg is the largest securities exchange in Africa.

The province has the best telecommunications and technology on the continent, with correspondents for the world's major media stationed here, as well as South Africa's five television stations. It also has the highest concentration of radio, internet and print media in Africa.

http://www.southafrica.info/about/geography/gauteng.htm#.VOSPYFPlP3o#ixzz3S6NbRiV8
 
The figures I am interested in, as Paul nicely pointed out, is GDP per capita growth

GDP per capita growth isn't a cogent economic metric - because it undermines the approach towards growth that dominates discourse, and growth and population occur in a step fashion
Marking the change in GDP per capita allows you to comment on whether a region is delivering on economic objectives but it really isn't meaningful as a % thing.

So the table that you want to draw up needs to consist of the following


I've asked the resident bored economics mannetjie for the numbers because I am far too lazy to dig them up:
[table="width: 500"]
[tr]
[td][/td]
[td]Western Cape[/td]
[td]Gauteng[/td]
[td]kZN[/td]
[td]South Africa[/td]
[/tr]
[tr]
[td]1 Jan 2009 GDP[/td]
[td][/td]
[td][/td]
[td][/td]
[td][/td]
[/tr]
[tr]
[td]1 Jan 2009 Population[/td]
[td][/td]
[td][/td]
[td][/td]
[td][/td]
[/tr]
[tr]
[td]1 Jan GDP per capita[/td]
[td][/td]
[td][/td]
[td][/td]
[td][/td]
[/tr]
[tr]
[td][/td]
[td][/td]
[td][/td]
[td][/td]
[td][/td]
[/tr]
[tr]
[td][/td]
[td][/td]
[td][/td]
[td][/td]
[td][/td]
[/tr]
[tr]
[td][/td]
[td][/td]
[td][/td]
[td][/td]
[td][/td]
[/tr]
[tr]
[td][/td]
[td][/td]
[td][/td]
[td][/td]
[td][/td]
[/tr]
[tr]
[td][/td]
[td][/td]
[td][/td]
[td][/td]
[td][/td]
[/tr]
[tr]
[td][/td]
[td][/td]
[td][/td]
[td][/td]
[td][/td]
[/tr]
[/table]

and so on
 
not quite double but the GDP is higher than ours:
http://en.wikipedia.org/wiki/List_of_African_countries_by_GDP_(nominal)

and on PPP it Egypt creeps in as well

I wanna see those numbers as of recent events... since the Saudis halved the price of oil. A lot of Nigeria's GDP comes from oil sales. If the value of oil has dropped over 50% then I dont think Nigeria is as powerful as everyone is making it out to be. Well the bits they control anyways. As it is they need help from neighbouring countries to fight Boko Haram. To me, if Nigeria was a company. It would be an over valued high risk share.
 
Last edited:
Nigeria does have close to twice our GDP tho...

Still $258 billion from being double. And our GDP per capita is 2.6 times theirs...

And as Bar0n mentioned, oil. It makes up about 95% of their foreign income at the moment.

We also don't have Boko Haram. :p

Oh, and for context - In 2012 Gauteng was responsible for 7.7% of the whole of Africa's GDP.
 
Also, another factor is that OR Tambo is the hub to Africa. If you are the HQ for Africa of an international company, you won't go to Cape Town because your staff will need to travel to Africa and this is convenient only from Joburg, not CT.

Once your HQ is there, the support services come with (suppliers and so on...).

DA has no power at all to even try to slow down this tendency, and CT airport only has one runway and is not the hub of any big airline.
 
Hmm
Head office of the Firstrand group is in the building next door to me
Head office of Nedbank is across the road
Head office of Standard bank is 10km away
Head office of ABSA - 10km away
Investec - can see it from here.

Hint: I'm not in the Cape.

And that is exactly it. The big financial companies from Cape Town have moved to JHB or over to Europe. A lot of the private equity is still here, but I suspect that will move to JHB too
 
And that is exactly it. The big financial companies from Cape Town have moved to JHB or over to Europe. A lot of the private equity is still here, but I suspect that will move to JHB too

When did they move?
 
I wanna see those numbers as of recent events... since the Saudis halved the price of oil. A lot of Nigeria's GDP comes from oil sales. If the value of oil has dropped over 50% then I dont think Nigeria is as powerful as everyone is making it out to be. Well the bits they control anyways. As it is they need help from neighbouring countries to fight Boko Haram. To me, if Nigeria was a company. It would be an over valued high risk share.

agreed but only really points to how irrelevant the indicies are to asking the question of the robustness or potency of the economy
 
Also, another factor is that OR Tambo is the hub to Africa. If you are the HQ for Africa of an international company, you won't go to Cape Town because your staff will need to travel to Africa and this is convenient only from Joburg, not CT.

Once your HQ is there, the support services come with (suppliers and so on...).

DA has no power at all to even try to slow down this tendency, and CT airport only has one runway and is not the hub of any big airline.

Yeah. I do suspect the "regional hub" strategy for OR Tambo has played a big part in it. And CPT International hasn't been able to attract the passengers from the Americas that has been hoped for. I still hope the WC Gov will start subsiding flights to SF
 
GDP per capita growth isn't a cogent economic metric - because it undermines the approach towards growth that dominates discourse, and growth and population occur in a step fashion
Marking the change in GDP per capita allows you to comment on whether a region is delivering on economic objectives but it really isn't meaningful as a % thing.

So the table that you want to draw up needs to consist of the following


I've asked the resident bored economics mannetjie for the numbers because I am far too lazy to dig them up:
[table="width: 500"]
[tr]
[td][/td]
[td]Western Cape[/td]
[td]Gauteng[/td]
[td]kZN[/td]
[td]South Africa[/td]
[/tr]
[tr]
[td]1 Jan 2009 GDP[/td]
[td][/td]
[td][/td]
[td][/td]
[td][/td]
[/tr]
[tr]
[td]1 Jan 2009 Population[/td]
[td][/td]
[td][/td]
[td][/td]
[td][/td]
[/tr]
[tr]
[td]1 Jan GDP per capita[/td]
[td][/td]
[td][/td]
[td][/td]
[td][/td]
[/tr]
[tr]
[td][/td]
[td][/td]
[td][/td]
[td][/td]
[td][/td]
[/tr]
[tr]
[td][/td]
[td][/td]
[td][/td]
[td][/td]
[td][/td]
[/tr]
[tr]
[td][/td]
[td][/td]
[td][/td]
[td][/td]
[td][/td]
[/tr]
[tr]
[td][/td]
[td][/td]
[td][/td]
[td][/td]
[td][/td]
[/tr]
[tr]
[td][/td]
[td][/td]
[td][/td]
[td][/td]
[td][/td]
[/tr]
[tr]
[td][/td]
[td][/td]
[td][/td]
[td][/td]
[td][/td]
[/tr]
[/table]

and so on

I would argue that the only stat more relevant is GNP per capita growth.
But looking forward to the results of your resident bored economics mannetjie :)
 
And that is exactly it. The big financial companies from Cape Town have moved to JHB or over to Europe. A lot of the private equity is still here, but I suspect that will move to JHB too

Nedbank:

The bank was originally founded in 1888 in Amsterdam as the Nederlandsche Bank en Credietvereeniging voor Zuid-Afrika ("Dutch Bank and Credit Union for South Africa"). In the same year the bank opened an office in Pretoria, South African Republic; in 1898 the bank moved its office to Church Square. In 1903 the company was renamed to Nederlandsche Bank voor Zuid-Afrika ("Dutch Bank for South Africa").

Standard:

The bank's origins can be traced to 1862, when a group of businessmen led by John Paterson[2] formed a bank in London, initially under the name Standard Bank of British South Africa. The bank started operations in 1863 in Port Elizabeth, South Africa, and soon after opening it merged with several other banks including the Commercial Bank of Port Elizabeth, the Colesberg Bank, the British Kaffrarian Bank and the Fauresmith Bank.

Absa's HQ has been in CBD since its creation in 1991.

FNB: According to its website, FNB is the oldest bank in South Africa. It traces its origins back to the Eastern Province Bank, which was formed in Grahamstown in 1838. At that time the bank financed the wool export boom in the district. By 1874, the bank had four branches - at Grahamstown, Middelburg, Cradock and Queenstown.
 
I would argue that the only stat more relevant is GNP per capita growth.
But looking forward to the results of your resident bored economics mannetjie :)

GNP per capita is not relevant. Provincial government cannot control influx of residents, or birth rates - both of which dilute this figure.
 
Nedbank:

The bank was originally founded in 1888 in Amsterdam as the Nederlandsche Bank en Credietvereeniging voor Zuid-Afrika ("Dutch Bank and Credit Union for South Africa"). In the same year the bank opened an office in Pretoria, South African Republic; in 1898 the bank moved its office to Church Square. In 1903 the company was renamed to Nederlandsche Bank voor Zuid-Afrika ("Dutch Bank for South Africa").

Standard:

The bank's origins can be traced to 1862, when a group of businessmen led by John Paterson[2] formed a bank in London, initially under the name Standard Bank of British South Africa. The bank started operations in 1863 in Port Elizabeth, South Africa, and soon after opening it merged with several other banks including the Commercial Bank of Port Elizabeth, the Colesberg Bank, the British Kaffrarian Bank and the Fauresmith Bank.

Absa's HQ has been in CBD since its creation in 1991.

FNB: According to its website, FNB is the oldest bank in South Africa. It traces its origins back to the Eastern Province Bank, which was formed in Grahamstown in 1838. At that time the bank financed the wool export boom in the district. By 1874, the bank had four branches - at Grahamstown, Middelburg, Cradock and Queenstown.

I knew that thanks
 
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