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This week has seen the release of the United Nations Conference on Trade and Development (UNCTAD) World Investment Report.


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Sandton, the name coming from the combination of the two suburbs Sandown and Bryanston, lies in the city of Johannesburg and is often referred to as ‘Africa’s richest square mile’ - largely due to it’s fast-growing high-rise business area which has been likened to that of Manhattan, the skyscraper annex to New York.

The municipality was established in 1969 by Sandton as an extension of the city after Johannesburg began to expand northwards, and was initially a residential area consisting mostly of small holdings. Sandton was dubbed the ‘mink and manure’ belt of Johannesburg as the rural lifestyle gave it the image of being a smart address.

Sandton became part of the City of Johannesburg Metropolitan Municipality in the 1990s and following new demarcations put forward by the government it no longer has a separate municipal government

Much financial focus has shifted in recent years from the Central Business District of Johannesburg to Sandton, especially in the last 15 years, and one of South Africa’s main banks, Nedbank, has its head offices there, as well as the JSE Securities Exchange- Johannesburg’s stock exchange.

Sandton is home to the Sandton Convention Centre, which hosted the World Summit on Sustainable Development in 2004, the African National Congress’ victory celebrations after the 2004 elections and the 2008 Miss World beauty pageant.

Nelson Mandela Square, formerly known as Sandton Square, was renamed in March 2004 after a six-foot bronze statue of the former president was unveiled, and coupled with Sandton City the centre provides 144,000 square metres of shopping space and is one of the largest in the southern hemisphere. Sandton has a string of 5-star hotels and much of Johannesburg's business tourism is centred there.

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