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Banking and Finance in Johannesburg, Gauteng: What do you need to know?

nine local experts
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From retail banking to investing, here's what nine local experts had to say about finance in Johannesburg, Gauteng.

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If you’re moving to Johannesburg, you need to have a good financial plan, there’s so much you can do and spend on. Which might not be a problem for others. There’s so much potential for growth here, it’s where everyone meets. Many across African countries start here to make a living. It is also ideal to stay in the safer areas, because of the crime. It is a beautiful city with many great activities and great food. People here hustle.

If you’re moving to Johannesburg, South Africa, you need to be very careful of places you go to. Don’t walk at night because it can be dangerous, they can rob you your money, cellphone and bank cards. Be aware that we have something called loadshedding which affects the whole country. Loadshedding is when electricity is off for a specific time. It can be off for two to 6 hours in a day. Make sure your phone laptop is always fully charged, and to have a power bank with you all the time.

Ntombifuthi, says: 2023

They must consider investing in pepper spray because Johannesburg is not safe for women. I think that people should be open to meeting individuals from various backgrounds and countries. If one is moving to Johannesburg they need to ensure that they live in a community that would be considered safe, away from the townships. And lastly, I think that they should never walk in Johannesburg CBD because their belongings will be snatched.

Nicole, says: 2020

Johannesburg is a very busy city and that you have to move fast because it’s a fast city where everything happens so quickly. Besides that, it is a beautiful city in which you would find almost anything that you are looking for. Johannesburg can be seen as the financial capital of South Africa and is a great city if you studying or want to work in corporate.

They’d know that the city of Johannesburg is the heartbeat of South Africa and the most cosmopolitan and industrious city in our country. The flow of currency is prominent in our city and there’s a lot of tourist attractions such as The Mandela Bridge, Maboneng Precinct, Soccer City, Gold Reef and Soweto.

Bianca, says: 2020

Johannesburg is known to be the city of Gold, mainly because of the job opportunities it has according to the people coming from the rural areas or rather poor countries. It consists of Gauteng which is known to be the wealthiest province in South Africa. It is one of the cities that hosted the 2010 FIFA World Cup. Most of the large South African firms and banks have their headquarters in Johannesburg.

Isenam, says: 2020

Johannesburg is considered the economic hub for South Africa’s economy and houses the JSE (Johannesburg Stock Exchange). We have two of the most elite universities and two major business schools. It is close to Soweto, the most prominent township, where Nelson Mandela stayed before being arrested and Bishop Desmond Tutu.

Nonkululeko, says: 2020

Johannesburg is a vibrant city that is full of life. It is the melting pot of South Africa, where all cultures come together. Johannesburg is also the financial capital of South Africa, the majority of companies that operate in the country have their headquarters in Johannesburg. Soweto, the home of many famous sports and political figures in South Africa, is in Johannesburg.

Zicabangele, says: 2020

It is the city of Gold, because of its beginnings as a gold mining town. It is the largest city in South Africa which is growing rapidly to date. Johannesburg is the economic and financial hub of South Africa. It also has a wide variety of cultures, it has not been known as a tourist destination yet.

Vimbai, says: 2020
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