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Nov 19, 2008:
Johannesburg - Johannesburg, Cape Town and Durban rank high on the MasterCard Worldwide Centers of Commerce Emerging Market Index, released on Wednesday.
All three cities provided solid business environments for companies seeking global growth, the Index found.
The Index provides insights into 65 leading cities driving growth within over 30 emerging markets.
Johannesburg was ranked 11 among the 65 cities on the Index.
Cape Town and Durban were ranked 33rd and 37th respectively.
"Given the current economic climate, MasterCard is focused on providing valuable insights that assist our customers in identifying new market opportunities for the future," said Anthony West, general manager, MasterCard Africa.
"The Emerging Markets Index is key to that commitment," he added.
Top of the Index was Shanghai - not unsurprisingly given China's recent economic growth, MasterCard said.
The other top ten cities are Beijing, Budapest, Kuala Lumpur, Santiago, Guangzhou, Mexico City, Warsaw, Bangkok and Shenzhen. - Sapa
