Johannesburg as Africa’s Financial Capital

C02

The manuscript's objective is retained financial value from African investment even when the project, issuer, investor or consumer is elsewhere. Inherited market depth does not by itself protect that role.

GSX:AFR-002:C02 · Modelled · Conditional · moderate sensitivity · Version 1.0

Depends on

A01Central hub sharesForty percent of gross capital formation is treated as institutionally or externally financeable. Johannesburg arranges, distributes, services or manages 8 percent of that pool.high sensitivity

A02Starting financial depthThe manuscript cites JSE market capitalisation of R24.18 trillion at the end of 2025 and banking-sector assets of R8.45 trillion in June 2025.low sensitivity

Modelled results cited

R02Central hub after foreign inputs and offshore deliveryAbout US$71.2 billion is retained as domestic value, US$2.85 billion a year on average, with roughly 15,800 direct jobs and 25,300 direct and indirect jobs.modelled

Registered supporting sources

Johannesburg as Africa’s Financial Capital · GSX:AFR-002:PDF

C02

A large transaction routed through Johannesburg can leave little domestic income if the structuring, insurance, domicile and investors sit abroad.