Business news channel CNBC Africa will soon have its headquarters in Johannesburg

RELATED LINKS: Johannesburg: financial centre of the country JOHANNESBURG is where the deals are made. It's the most powerful commercial centre on the African continent, and there's hardly a major international company doing serious business in sub-Saharan Africa that has not looked to Johannesburg as the gateway. Read more The plans THE City has a number of plans in place to ensure it achieves its vision of becoming a world-class African city. Read more Old Mutual plans a Joburg base THE financial services company is moving its head office from the Mother City to Jozi, where there are opportunities "to tap into the city's growth". Read more Coca-Cola moves Africa HQ to Jozi INTERNATIONAL beverage giant Coca-Cola is relocating its Africa group head office from Windsor in the UK to Johannesburg, a move seen as a clear signal of the company's commitment to the African market, and South Africa in particular. Read more Joburg plans to target business process outsourcing WITH a gross geographic product of R181-billion in today's prices, Joburg is home to some 70 percent of head offices in South Africa. Read more More money made in Gauteng GAUTENG is the country's top earner, contributing about a third of the country's GDP. And Joburg contributes most of this. Read more

CNBC Africa sets up office in Jozi Southern Africa's first international business news channel is investing R145-million in South Africa. It will broadcast from its headquarters in Johannesburg. November 15, 2006 By Southafrica.info Reporter CNBC Africa has chosen Johannesburg for its new headquarters, and it will begin broadcasting from the city in May 2007. It is Sub-Saharan Africa's first international business news channel. According to Engineering News, the news journal, CNBC will invest US$20-million (about R145-million) in setting up its new operation in South Africa. The channel's entire workforce will be recruited locally, creating around 130 jobs for South Africans. CNBC's African entry is backed by South Africa's Industrial Development Corporation, which will own 30 percent of the news agency. A listing on the JSE is also planned for the future, Engineering News reports. Speaking to journalists in Johannesburg on Monday, 13 November, CNBC Africa chairman Zafar Siddiqi described the launch as "a milestone in African television broadcasting". "CNBC Africa will bring African business closer to the decision-makers of other parts of the world … By focusing on the financial, business and economic news of the region, we aim to provide a platform to an ongoing inter-African discussion on globalisation, employment, career, business and investment opportunities, living standards, infrastructure development and other relevant issues." According to media news website Bizcommunity.com, CNBC Africa will broadcast hourly African news business bulletins coupled with a current affairs programme in the mornings. It will cross to CNBC Europe between 1pm and 3pm. Evening viewers will be given something "appealing, lighter and exciting" related to education and entertainment. Later at night, the channel will cross live to New York, Tokyo and Singapore before returning to Africa in the early hours of the morning. Bizcommunity.com reports that, in its first phase, CNBC Africa will open news bureaux in Cape Town, Botswana, Nigeria, Kenya and Tanzania, and have its own correspondents in London and New York. Also speaking at Monday's launch, Gauteng Premier Mbhazima Shilowa said that CNBC was following in the steps of "a host of other multi-national corporations" who had chosen the province as the home of their corporate headquarters. "The political stability we have experienced in the province since 1994 counts among the reasons why big companies are choosing to relocate their continental head offices here," Shilowa said. Gauteng was also a crucial air transportation hub in the southern African region, and a "major determinant and contributor of economic and social development on the continent. "It is classified as Africa's fourth largest economy - after South Africa, Egypt and Algeria - and as the economic hub of the sub-continent." CNBC is owned by NBC Universal. According to MediaOwners.com, which tracks American media groups, NBC Universal is 80 percent owned by the American technology and financial services giant, General Electric Company. Source: The official South African portal: Southafrica.info Permission to use web site material Publishers may use material from this site free of charge, as long as: Credit is given to either the "City of Johannesburg website (www.joburg.org.za)" or to "Johannesburg News Agency (www.joburg.org.za)"; If the article is used online, a link is provided to the original article on this website; The name of the article's author is acknowledged; The webmaster is informed of how and where the material is used (fill in this brief online form). Johannesburg News Agency is operated by BIG Media at 011-484-1400 Print this Page E-mail this article to a friend Help using Joburg.org.za