page_title: Sandton
section_title: Financial and business centre
hierarchical_section_title: Sandton / Role in 21st century Johannesburg / Financial and business centre
caption_attribution_description: English: Sandton City Mall Johannesburg, South Africa
context_page_description: Sandton is an affluent municipality in the Gauteng Province, South Africa and forms part of the City of Johannesburg Metropolitan Municipality. The name comes from the combination of two of its suburbs, Sandown and Bryanston. In 1969 Sandton was promulgated as a municipality in its own right, but lost its status as an independent town after the re-organisation of South African local governments.
context_section_description: Urban decay in downtown Johannesburg caused many corporate offices to move from the Johannesburg Central Business District to Sandton in the 1990s. It has become the new financial district of South Africa and Johannesburg's premier business centre. Much of the financial focus of Johannesburg has shifted from the Central Business District to Sandton. However, three of South Africa's four largest banks have kept their head offices in downtown Johannesburg, along with Transnet, the transport parastatal. The other bank, Nedbank, has its headquarters in Sandton. A considerable amount of the city's A-grade office space is to be found in Sandton. The JSE Securities Exchange, Johannesburg's stock exchange, relocated its offices to Sandton from the central business district in the late 1990s. Sandton's gain was the central business district's loss: it resulted from urban blight of the downtown Johannesburg area.
  Sandton is home to the Sandton Convention Centre, one of the largest convention centres on the continent and primary site of the 2002 World Summit on Sustainable Development (also known as "Rio + 10"), which Johannesburg hosted. The convention centre also hosted the African National Congress' victory celebrations after the party was re-elected at the 2004 election.
  Massmart has its head office in the Massmart House in Sandton. Ster-Kinekor has its head office in the Ster-Kinekor Office Park in Eastgate, Sandton. IBM's and Hewlett Packard's main Southern Africa and South Africa offices are in Sandhurst and Rivonia respectively. In 2013, petrochemical giant Sasol announced the development of their new headquarters in Wierda Valley, Sandton.
  The Sandton Central commercial node, centred on the suburbs of Sandown and Sandhurst has some of the best and most expensive commercial properties and offices in South Africa.  A number of new developments are underway including 6 Benmore (Capital Hill),  Atrium on 5th, Alice Lane and Katherine and West which is situated directly opposite the Sandton Gautrain Station. One of the highest rated Green buildings in South Africa, the Upper Grayston Office Park, is located in Sandton.
  Industrial areas situated in Sandton are Wynberg and Kramerville. Kramerville, once a run-down area, is now trendy and is the centre of the design and textiles industry in Sandton.
caption: Sandton City Mall Johannesburg.
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