kwame tut: [b][b]@Chimamanda
THIS IS ONE OF THE REASONS WE'RE ABLE TO INVEST ALL OVER AFRICA(inclu. tiny nigeria).

SOUTH AFRICA HAS THE HIGHEST NUMBER OF $MILLION DOLLAR MILLIONAIRES IN AFRICA. :oOOOOOOOOOH

Study reveals SA’s wealthiest areas

August 29 2012 at 01:03pm

Comment on this story
IOL monopoly

REUTERS

Joburg - Sandhurst in Sandton is home to 36 of South Africa’s multi-millionaires, more than any other suburb in the country, according to new research.

It also has the highest multi-millionaire population density in the country, with one in every 20 residences being owned by a multi-millionaire, according to the research from WealthInsight.

“A combination of large plots, safety and location make Sandhurst the top suburb in South Africa for the ultra rich,” according to WealthInsight analyst Andrew Amoils.

According to the research, Joburg areas dominate the list of wealthiest suburbs with the other top spots going to Bryanston with 31 multi-millionaires, otherwise known as “ultra high net worth individuals” or UHNWI, Hyde Park (26 UNHWIs), and Westcliff (20 UNHWIs).

Central Cape Town, which includes the Waterfront, City Bowl, Greenpoint and Sea Point, rounds off SA’s top 5 wealthiest areas with 17 multimillionaires residing there.

The report defines multi-millionaires - those UHNWIs - as those individuals with net assets of US$30 million (about R250m) or more, excluding their primary residences.

According to the WealthInsight report, South Africa has the highest number of millionaires in Africa.

As of 2011, there were just over 44,700 millionaires in the country, with a combined wealth of over US$190 billion, accounting for roughly 25% of South Africa's total individual wealth (US$740 billion).

Included in this total are 543 multi-millionaires, each with wealth of over US$30 million.

Joburg is home to the largest portion of these individuals (48% or 261 multi-millionaires).

There are also sizable South African multi-millionaire populations in Cape Town (103 multi-millionaires), Durban (31 multi-millionaires) and Pretoria (28 multi-millionaires). - IOL

* WealthInsight provides detailed data and insightful analysis on the world's High Net Worth Individuals and wealth sector. [/b]

WE JOBURGERS WALK ON GOLD HENCE WE'RE THE ROUDIEST. [/b]

kwame tut: @Chimamanda
YES PUBLIC SCHOOLS ARE DOING BAD AS COMPARED TO "PRIVATE/FORMER WHITES ONLY SCHOOLS DOMINANTLY 70% BLACK IN BIG CITIES AND 80-90% IN SMALL TOWNS".

TODAY MOST URBAN BLACKS SEND THEIR KIDS TO PRIVATE SCHOOLS(aren't affected by these use their own system) THAN PUBLIC SCHOOLS(Low standards and unions strikes that take days and stealing teaching time, are the course of the rot).

[b]YOU HAVE BEEN POSTING LIES ABOUT S.A. EDUCATION SYSTEM.

SAIRR Today: South African schooling - 21st May 2010
South African Institute for Race Relations
Recently the provincial education department in the Eastern Cape stated that it would be auditing former ‘Model C’ schools there because these schools had ‘too many luxuries’, and were refusing to comply with the provincial department’s policies. In a meeting at the provincial legislature in Bhisho in April, the portfolio chairman on education in the province, Mr Mzoleli Mrara, said that ‘Model C’ schools were ‘racist’ and used the country’s courts to win battles against the provincial education department. However, the 2009 matric results in former ‘Model C’ schools around South Africa indicates that their black pupils do very well.

The Institute has analysed results in schools formerly administered by the House of Assembly (HoA). This was the whites-only chamber in the tricameral Parliament which South Africa experimented with between 1984 and 1994. Schools for coloured pupils were administered by the House of Representatives, and Indian schools by the House of Delegates. Schools for African pupils were controlled by either the Department of Education and Training or the various homeland administrations.

Former ‘Model C’ schools can trace their roots to the beginning of the 1990s. In 1990, the then-minister of education, Mr Piet Clasé, announced that from the beginning of 1991 parents with children in white government schools would be allowed to choose from three models how the schools would be run in future.

Model A would result in the school’s becoming fully private. Model B would result in its remaining a state school, and being allowed to admit black pupils up to a maximum of 50% of the total pupil body. Model C would result in the school’s becoming semi-privatised. The school would receive a state subsidy but would have to raise the balance of its budget through fees and donations. It would also be able to admit black pupils up to a maximum of 50% of the student body. From the beginning of 1992, a fourth option was added, Model D. These schools would remain under the control of the white education department, but would be able to admit an unlimited number of black pupils.

In 1992 the Government announced that all schools under the control of the House of Assembly would become Model C schools, unless parents voted by a two-thirds majority for Model B schools. As a result, by April 1992, approximately 1900 former white schools had become Model C schools. This equated to 96% of all schools that were under the control of the House of Assembly.

An analysis of matriculation results broken down by race shows that pupils, especially African pupils, fare significantly better in former ‘Model C’ schools than in other government schools. According to the Department of Education there were 5 477 public secondary schools in South Africa in 2008 (the latest year for which figures are available). Of these, some 620 (11%) were former Model C schools. At the same time there were 180 independent secondary schools in the country.

In 2009 the proportion of African pupils who passed the matric examinations overall was 56%. However in former ‘Model C’ schools the proportion of African pupils who passed was 88%. In order to pass, a pupil must achieve at least 30% in three subjects, and 40% in a further three, one of which must be the pupil’s home language.


An analysis of provincial pass rates is instructive. In the Eastern Cape, where former ‘Model C’ schools were the subject of an attack by the provincial education department, the pass rate for African children in such schools was 95%. The overall pass rate for African pupils in that province in last year’s matric exams was 47%. This shows that in the Eastern Cape, an African pupil’s chances of passing matric are far better if he or she attends a former ‘Model C’ school.

In all other provinces, with the exception of the Northern Cape, pass rates were between 85% and 95% in former ‘Model C’ schools.



NOTE:Today Africans students make up 70-80% Model C schools around South Africa. In smaller towns students are 100% black, as some white students are home schooled or moved to other provinces.

Province


African matric pass rate, 2009: Former ‘Model C’ schools


African matric pass rate, 2009: All schools

Eastern Cape


Private Schools=95%


Government Schools=47%

Free State


Private Schools=90%


Government Schools=64%

Gauteng


Private Schools=89%


Government Schools=65%

KwaZulu-Natal


Private Schools=85%


Government Schools=56%

Limpopo


Private Schools=93%


Government Schools=48%

Mpumalanga


Private Schools=87%


Government Schools=45%

North West


Private Schools=89%


Government Schools=64%

Northern Cape


Private Schools=67%
Government Schools=62%

Government Schools=51%

Western Cape


Private Schools=90%


Government Schools=57%



These results are not surprising. Former ‘Model C’ schools have facilities that are the envy of schools which did not fall under the control of the House of Assembly. Although there are many non-’Model C’ schools with dedicated and hard-working teaching staff, the results suggest that the teaching ethos in most former ‘Model C’ schools is still intact. Teachers are serious about their jobs, and dedicated to the children that they teach. The same cannot be said for many non-’Model C’ schools, where teachers often do not teach for the full day and are sometimes not in class at all. Reports of sexual abuse and harassment are rife. In August 2009 President Jacob Zuma said that were a number of schools where teaching occurred for fewer than 3.5 hours per day, rather than the required seven. The majority of schools where this occurs are likely to be non-’Model C’ schools.

The racial make-up of teachers or pupils at former ‘Model C’ schools does not affect the results. Former ‘Model C’ schools which have largely African teaching staff and pupils still perform well. For example, Brakpan High in Ekurhuleni (Gauteng) has an African staff complement exceeding 80%, and some 83% of the pupils who wrote matric there in 2009 were African. The school achieved a pass rate of 93%, far in excess of the provincial pass rate of 65%. The pass rate among Africans in the school was 92%.

There are other examples. Kingsridge High School in King Williams Town, formerly known by the politically incorrect name of Kaffrarian High School for Girls, attained a pass rate of 100%. Of its 87 pupils, some 60 were African, and only 10 were white. Port Shepstone High in KwaZulu-Natal achieved a pass rate of 100%. Some 148 (66%) of its student body of 224 were Africans. Dawnview High, also in Ekurhuleni, had a pass rate of 94%. Some 105 (67%) of its student body were Africans.

The decay and neglect of the African education system is probably the most insidious legacy of apartheid. The restoration of a culture of teaching and learning within predominantly African schools is a matter that the Government must tackle with haste. Schools that work, which appear to be the majority of former ‘Model C’ schools, need to be encouraged and their success replicated elsewhere.

Obviously these schools benefit from superior facilities, but the teaching ethos that is so strong in many of these schools needs to be copied. Poorly-performing schools must be strengthened, but not by weakening the schools that perform well.

Excellence in the public schooling system is not confined to former ‘Model C’ schools. In the 2009 matric exams there were 1 576 schools that achieved pass rates of between 80 and 100%. Nearly one-third of these were former ‘Model C’ schools. Some 509 of such schools achieved pass rates of between 80 and 100%. This equates to 82% of all former ‘Model C’ schools. Conversely only 1 067 of former non ‘Model C’ schools achieved pass rates of between 80 and 100%. This was equal to 22% of such schools. Although the proportion of such schools getting pass rates above 80% was much lower than that in former ‘Model C’ schools, there were nevertheless two excellent such schools for every excellent former ‘Model C’ school.

The South African education system is in crisis, but it is clear that centres of excellence still exist. Many schools which achieve good results did not fall under the jurisdiction of the House of Assembly. The factors that make these schools and many of the country’s former ‘Model C’ schools excellent need to be identified and replicated in the rest of the country’s schools. These good schools are the foundation on which the future success of South Africa will be built, and this must be strengthened and encouraged. At the same time poorly-performing schools must not be abandoned. The success of the more than 1 500 schools which achieved pass rates of above 80% must spread to the rest of the South African education system.

- Marius Roodt[/b]

kwame tut: @Chimamanda
YES PUBLIC SCHOOLS ARE DOING BAD AS COMPARED TO "PRIVATE/FORMER WHITES ONLY SCHOOLS DOMINANTLY 70% BLACK IN BIG CITIES AND 80-90% IN SMALL TOWNS".

TODAY MOST URBAN BLACKS SEND THEIR KIDS TO PRIVATE SCHOOLS(aren't affected by these use their own system) THAN PUBLIC SCHOOLS(Low standards and unions strikes that take days and stealing teaching time, are the course of the rot).

[b]YOU HAVE BEEN POSTING LIES ABOUT S.A. EDUCATION SYSTEM.

SAIRR Today: South African schooling - 21st May 2010
South African Institute for Race Relations
Recently the provincial education department in the Eastern Cape stated that it would be auditing former ‘Model C’ schools there because these schools had ‘too many luxuries’, and were refusing to comply with the provincial department’s policies. In a meeting at the provincial legislature in Bhisho in April, the portfolio chairman on education in the province, Mr Mzoleli Mrara, said that ‘Model C’ schools were ‘racist’ and used the country’s courts to win battles against the provincial education department. However, the 2009 matric results in former ‘Model C’ schools around South Africa indicates that their black pupils do very well.

The Institute has analysed results in schools formerly administered by the House of Assembly (HoA). This was the whites-only chamber in the tricameral Parliament which South Africa experimented with between 1984 and 1994. Schools for coloured pupils were administered by the House of Representatives, and Indian schools by the House of Delegates. Schools for African pupils were controlled by either the Department of Education and Training or the various homeland administrations.

Former ‘Model C’ schools can trace their roots to the beginning of the 1990s. In 1990, the then-minister of education, Mr Piet Clasé, announced that from the beginning of 1991 parents with children in white government schools would be allowed to choose from three models how the schools would be run in future.

Model A would result in the school’s becoming fully private. Model B would result in its remaining a state school, and being allowed to admit black pupils up to a maximum of 50% of the total pupil body. Model C would result in the school’s becoming semi-privatised. The school would receive a state subsidy but would have to raise the balance of its budget through fees and donations. It would also be able to admit black pupils up to a maximum of 50% of the student body. From the beginning of 1992, a fourth option was added, Model D. These schools would remain under the control of the white education department, but would be able to admit an unlimited number of black pupils.

In 1992 the Government announced that all schools under the control of the House of Assembly would become Model C schools, unless parents voted by a two-thirds majority for Model B schools. As a result, by April 1992, approximately 1900 former white schools had become Model C schools. This equated to 96% of all schools that were under the control of the House of Assembly.

An analysis of matriculation results broken down by race shows that pupils, especially African pupils, fare significantly better in former ‘Model C’ schools than in other government schools. According to the Department of Education there were 5 477 public secondary schools in South Africa in 2008 (the latest year for which figures are available). Of these, some 620 (11%) were former Model C schools. At the same time there were 180 independent secondary schools in the country.

In 2009 the proportion of African pupils who passed the matric examinations overall was 56%. However in former ‘Model C’ schools the proportion of African pupils who passed was 88%. In order to pass, a pupil must achieve at least 30% in three subjects, and 40% in a further three, one of which must be the pupil’s home language.


An analysis of provincial pass rates is instructive. In the Eastern Cape, where former ‘Model C’ schools were the subject of an attack by the provincial education department, the pass rate for African children in such schools was 95%. The overall pass rate for African pupils in that province in last year’s matric exams was 47%. This shows that in the Eastern Cape, an African pupil’s chances of passing matric are far better if he or she attends a former ‘Model C’ school.

In all other provinces, with the exception of the Northern Cape, pass rates were between 85% and 95% in former ‘Model C’ schools.



NOTE:Today Africans students make up 70-80% Model C schools around South Africa. In smaller towns students are 100% black, as some white students are home schooled or moved to other provinces.

Province


African matric pass rate, 2009: Former ‘Model C’ schools


African matric pass rate, 2009: All schools

Eastern Cape


Private Schools=95%


Government Schools=47%

Free State


Private Schools=90%


Government Schools=64%

Gauteng


Private Schools=89%


Government Schools=65%

KwaZulu-Natal


Private Schools=85%


Government Schools=56%

Limpopo


Private Schools=93%


Government Schools=48%

Mpumalanga


Private Schools=87%


Government Schools=45%

North West


Private Schools=89%


Government Schools=64%

Northern Cape


Private Schools=67%
Government Schools=62%

Government Schools=51%

Western Cape


Private Schools=90%


Government Schools=57%



These results are not surprising. Former ‘Model C’ schools have facilities that are the envy of schools which did not fall under the control of the House of Assembly. Although there are many non-’Model C’ schools with dedicated and hard-working teaching staff, the results suggest that the teaching ethos in most former ‘Model C’ schools is still intact. Teachers are serious about their jobs, and dedicated to the children that they teach. The same cannot be said for many non-’Model C’ schools, where teachers often do not teach for the full day and are sometimes not in class at all. Reports of sexual abuse and harassment are rife. In August 2009 President Jacob Zuma said that were a number of schools where teaching occurred for fewer than 3.5 hours per day, rather than the required seven. The majority of schools where this occurs are likely to be non-’Model C’ schools.

The racial make-up of teachers or pupils at former ‘Model C’ schools does not affect the results. Former ‘Model C’ schools which have largely African teaching staff and pupils still perform well. For example, Brakpan High in Ekurhuleni (Gauteng) has an African staff complement exceeding 80%, and some 83% of the pupils who wrote matric there in 2009 were African. The school achieved a pass rate of 93%, far in excess of the provincial pass rate of 65%. The pass rate among Africans in the school was 92%.

There are other examples. Kingsridge High School in King Williams Town, formerly known by the politically incorrect name of Kaffrarian High School for Girls, attained a pass rate of 100%. Of its 87 pupils, some 60 were African, and only 10 were white. Port Shepstone High in KwaZulu-Natal achieved a pass rate of 100%. Some 148 (66%) of its student body of 224 were Africans. Dawnview High, also in Ekurhuleni, had a pass rate of 94%. Some 105 (67%) of its student body were Africans.

The decay and neglect of the African education system is probably the most insidious legacy of apartheid. The restoration of a culture of teaching and learning within predominantly African schools is a matter that the Government must tackle with haste. Schools that work, which appear to be the majority of former ‘Model C’ schools, need to be encouraged and their success replicated elsewhere.

Obviously these schools benefit from superior facilities, but the teaching ethos that is so strong in many of these schools needs to be copied. Poorly-performing schools must be strengthened, but not by weakening the schools that perform well.

Excellence in the public schooling system is not confined to former ‘Model C’ schools. In the 2009 matric exams there were 1 576 schools that achieved pass rates of between 80 and 100%. Nearly one-third of these were former ‘Model C’ schools. Some 509 of such schools achieved pass rates of between 80 and 100%. This equates to 82% of all former ‘Model C’ schools. Conversely only 1 067 of former non ‘Model C’ schools achieved pass rates of between 80 and 100%. This was equal to 22% of such schools. Although the proportion of such schools getting pass rates above 80% was much lower than that in former ‘Model C’ schools, there were nevertheless two excellent such schools for every excellent former ‘Model C’ school.

The South African education system is in crisis, but it is clear that centres of excellence still exist. Many schools which achieve good results did not fall under the jurisdiction of the House of Assembly. The factors that make these schools and many of the country’s former ‘Model C’ schools excellent need to be identified and replicated in the rest of the country’s schools. These good schools are the foundation on which the future success of South Africa will be built, and this must be strengthened and encouraged. At the same time poorly-performing schools must not be abandoned. The success of the more than 1 500 schools which achieved pass rates of above 80% must spread to the rest of the South African education system.

- Marius Roodt[/b]

klemony: you are right juan.infact,this is what the international institutions like world bank and imf together with the private institutions have been saying that Nigeria economy will supass the South african economy before 2020. I think u're wrong concerning the percentage of SA projected economic growth. it is said to be around 3.6%. Nigeria's economic growth figure had been measure using 1990 has the base year.there will be a shoot-up when its been calculated using 2008 as the base which will matches up with the SA GDP growth.
However,Nigeria still lags behind in terms of development.We are a monoproduct economy with our oil export contributing to 90% of our foreign earnings. SA has other natural resources in which they've nutured that is reviving her economy like shipping,servicing,diamond,tourism,metal works,hides and skins etc.
SA owns companies national and international that its contributing to her economy such like MTN,STANDARD BANK,STANBIC IBTC,STANDARD CHARTERED etc. In Nigeria we only have few like Dangote group and Globalcom that are doing well outside Nigeria. Insecurity is another big problem in Nigeria.Bokoharam in the north and the mend threatning in the south has really cost us alot of FDI.

Also,countries that surrounded south africa were having a relatively peace in thier region while countries that surrounds us like Chad,Mali,Niger,Ivory coast are having a links of terrorist group operating in thier country. moreover,SA has her currency been used by countries like Lesotho,Namibia,Zimbabwe etc that has strengthing their her rand while Nigeria still thinking of how to use a common currency with Ecowas sub-region.

Another issue is the brain drain problem.Nigeria had lost most of her human capital to most of these developed economy like the uk and united states.Most of our doctors,engineers,economist,lawyers,artisans have moved to these countries including south africa for teaching due to unstable economy.

I believed Nigeria will reach her full potential if it can provide a secured enviroment for business to trive and diversify her economy to an export base type. God bless Nigeria !! ! !

spassion: Though the political system seems rough, though the roads still looks bad, electricity in a poor state, and Boko haram added to it, i think we should start thinking positive as Nigerians. If you look at many top countries today, they have gone through tough and rough times like Nigeria. Even the world's second largest economy, China still have many major problems. There are places you will look at in China and you won't even believe it is the second largest economy in the world, i mean the underdeveloped villages. Though, they have money to develop those villages.
Now back to Nigeria, if you look at the telecommunication sector, the movie industry, the banking sector and many more, you will find out the truth. Also, the commercialization of Nigeria is going beyond Lagos, which is the commercial capital of Nigeria. If you look at Ogun state and so many other states in Nigeria, they are gradually becoming industrialized. These are signs that there is improvement. Another thing, thanks to the Lagos state govt., many streets in Lagos can now boast of street lights, traffic light and many more infrastructures. Also, the Eko atlantic project will be a big boost for Nigeria economy. The Metrorail being built in Lagos and the improved transportation system such as the introduction of the modern BRT buses in Lagos.
I totally understand that high unemployment still lingers and it hurts a lot of people but I can tell you that things have improved compared to 5 to 10 years back. Since after the banking sector reforms, introduction of GSM, the standard of living has improved.
With the banking reforms, I think in the next 5 to 10 years, Nigerian banks will be controlling the banking sector in most African and European countries.
If you are comparing Nigeria to other countries, try to compare from a broader perspective. I think you should be happy that you didn't find yourself in the position of people in Greece, Cyprus and those that got caught up in the global financial crisis.
I hope there would be improvement in the provision of capital for SMEs, stable electricity, good roads and reduction in poverty level.

kwame tut: @Olu
LETS TALK HOUSING CHEAP SHOTS AND CHIKENING OUT

SOWETOS CHANGING FACE, CHANGING EVERYDAY

https://www.youtube.com/watch?v=2i3x2VMSkEY

kwame tut: @Olu
CAPE TOWN RDP HOUSING


https://www.youtube.com/watch?v=PeCoGSN-I80

kwame tut: @Olu
EAST LONDON, EASTERN CAPE, SOUTH AFRICA IS SAYING " NO WAYS HOW CAN U LEAVE US OUT".
AMALINDA SOCIAL HOUSING

https://www.youtube.com/watch?v=hPEPRvJbjcQ