kwame tut: I THINK ONCE AGAIN THE NAAIGERIAN "HEALTH SYSTEM HERE IS IN QUESTION". I THINK U HAVE A "PROBLEM WITH YOUR EYE SIGHT". I see why Goodluck Jonathan can't go to a Naaigerian hospital now.


IF YOU LOOK PROPERLY ON THE "SOURCES ON THE BOTTOM U WILL SEE 2010". Lastly we know NOTHING HAS CHANGED AS "CAPE TOWN AND JOBURG GDP'S ARE HIGHER THAN Logos/Lagos".


ITS GONNA GET "WORSE OUR 4 MEGA CITIES IN GAUTENG ARE FINISHED". Not so long ago CHINESE bought land in Gauteng for R1 billion where they are going to build "AFRICA'S NEW YORK(16 km square)"(bigger than your tiny Eko Atlantic 10 km square). This project will be done in partnership with Gauteng goverment. CHINA wants their head quarters to be in SOUTH AFRICA. GAUTENG TO BE EXACT.

kwame tut: SOUTH AFRICA IS IN THE SAME LEVEL WITH "NORTH AFRICA ARAB STATES IN MANY THINGS".
THIS TREND OF S.A. AND NORTH AFRICA TOPPING AFRICA IN HDI INDEX WILL CONTINUE UNTIL YEAR 2300 TILL JESUS COMES BACK.

kwame tut:
SA's government servants earn WORLD CLASS SALARIES (teachers,nurses,police,doctors,traffics etc..). Hence they can afford to send their kids to best schools and live in suburbs, buy good cars.


In sports SA PSL soccer pays the HIGHEST SALARIES IN AFRICA. PSL League slaries for top players are higher than salaries in Eastern Europe and other parts of north western europe.

PSL LEAGUE SALARIES
1. TOP PLAYERS
=R200 000-RR600 000 Per month. excluding bonuses for wins/CUPS.
2. EXPERIENCED PLAYERS
=R100 000-R190 000. excluding bonuses for wins/CUPS.
3. AVERAGE PLAYERS PLAYERS
=R50 000-R100 000

4. NEW PLAYERS (Promoted from developemnt) PLAYERS
=R20 000-R40 000

This system is the same in other sporting codes like RUGBY, CRICKET AND BOXING.

While Naaigerians have to GO OVERSEAS TO MAKE BIG MONEY.

HisRoyalHardnes: Hello mr SA, FYI, only one man ( Bola Tinubu ) owns Eko Atlantic city.
Orji Uzor Kalu owns a refinery in South Africa.
Ikedi ohakim owns a hotel chain in South Africa.
Billions of looted Nigerian dollars are invested in South Africa.

Nigeria is under developed because of mismanagement and not a lack of natural and human resources. We also have Gold, tin, lead, coal, bauxite, columbite, nickel etc which are largely untapped due to a focus on oil.
Now with regards to millionaires... Nairaland has over 1000millionaires. To you in South Africa, a million dollars is a big deal but here in Nigeria, it cannot even purchase a bullet proof BMW. We are rich. ( purchase of the most private jets in Africa is proof enough)
Our footballers and our football is a matter for another day. We produce better talent-enough talent to feature in the current edition o galaxy11, alongside Lionel messi and Christiano Ronaldo. Can any South African football club or any club in Africa afford victor Moses, John obi mikel, Joel obi, Ebola ameobi, Vincent enyeama, Ahmed musa, Effe Ambrose, ogenyi onazi or even Kelechi iheanacho of man city.
My friend, visit Lagos, (aka tinubus domain) and come with a lot of millionaires in tow, then go rent an apartment in ocean parade towers. ( banana island) or do you have more expensive real estate in South Africa? The last time I checked, banana island is Africa's most expensive island.
Peace

la_unique: I wonder how these people come about these indices. The Lagos GDP larger than that of Nairobi and Mombasa combined, not to talk of other parts of Kenya? These figures are clearly inflated

AwodwaGyanOniwe: keep FOOLING YOURSELVES.

I WON'TMENTION MTN, SHOPRITE and other who are all over AFRICA. Everyone knows ONE SOUTH AFRICA BANK IS BIGGER THAN NAAIGERIAN BANKS.

About refinery in SA, stop lying SA has PETROSA, SASOL. These are biggest in AFRICA. By the way what is Uzor refining in SA LIAR. IGBOS=LIARS. I won't take u serious LIAR.

Hbuyosh: Big deal? Kenya and Ghana have developed their quite impressive infrastructure despite their meagre resources. Infact, Ghana's mineral resources is greater than Kenya's. They got gold, iron and I believe, diamonds etc, we here only talk of salt and limestone. They both discovered oil, so hopefully, things are looking up for the two little African giants.
I dare say Kenya is the largest and most developed 'non-mineral' economy in the whole of the sSahara Africa.
Just see the heavy presence of Kenyan firms operating in the whole of east and central africa. Their shop shelves are awash with goods manufactured in Kenya. So, we aren't that badly off.
And to Kwame Tut, no one has disputed the fact that SA's economy is by far larger and much more sophisticated than that of any other country in Africa. Therefore, all these arguments and statistics you are posting here are really uncalled for.

geeez:


[b]While Nigerians await the state-by-state breakdown of the country’s Gross Domestic Product (GDP) figures by the National Bureau of Statistics (NBS), it is great to see that the Lagos State government has gone ahead to calculate its own estimated GDP. The move by the state is not surprising considering it has been in the forefront of economic development in the country. The state currently has one of the best and most complete economic statistics in the country.

The state’s GDP figures released in September 2012 provide some interesting insights into the Lagos economy. The state has a GDP figure put in excess of N12 trillion or $81 billion as of 2010. Its economic size is about 35.6 percent of Nigeria’s 2010 GDP but a significant 62.3 percent of Nigeria’s non-oil GDP.

However, on the African continent, Lagos State GDP figures rank fourth below Cairo ($145 billion), Johannesburg ($110 billion), and Cape Town ($103 billion). The figures show that the Lagos State GDP is higher than 14 of the 51 states in the United States of America. It is also estimated to be bigger than the GDPs of 22 of the 27 states in Brazil, and higher than 42 individual states in Africa, including Kenya with a GDP of $66 billion, Ghana with a GDP of $61.97 billion, and Tanzania with a GDP of $58.44 billion.

Seven different sectors dominate economic activities in Lagos State, led by manufacturing which, interestingly, contributes 29.60 percent of the state’s GDP figures. Road transport follows closely contributing an average of 26.47 percent of economic activities in the state. Other sectors in order of dominance include building and construction (19.60 percent); wholesale and retail (8.39 percent); telecommunications (3.71 percent); financial institutions (3.51 percent); and real estate (2.01 percent). The seven sectors account for 93.39 percent of economic activities in the state.
The Lagos State Bureau of Statistics also breaks down the state’s GDP based on sectors. Livestock is the biggest economic activity in the agricultural sector. This is closely followed by forestry, and then fisheries which is about half the size of the livestock sector. Crop production is almost insignificant in the agricultural sector, contributing just 0.004 percent of economic activities.

Road transport is the giant in the room in the transportation sector in Lagos State, making up more than 90 percent of economic activities in the sector. The road transport sector is only slightly smaller than manufacturing. Manufacturing and road transport activities actually make up an average 56 percent of all economic activities taking place in Lagos. This explains the Lagos State government’s emphasis on road transport infrastructure within the state as both sectors actually feed on each other. The roads need manufacturing goods and passenger traffic while manufacturing needs the roads to move goods from production centres to the market.

The financial services sector of the Lagos State economy is dominated by financial institutions, with the insurance sector almost a negligible player in the sector. Insurance sector’s contribution to economic activities in Lagos State stands at just 0.30 percent compared to 3.51 percent by financial institutions. In the communications sector, telecommunications dominates, with broadcasting and postal services making marginal contribution (0.03 percent).

Under utilities, electricity dominates, but it contributes just an insignificant 0.47 percent of economic activities in Lagos State, a reflection of the challenges faced in the sector in the country. The contribution by the water sector is even more insignificant at just 0.03 percent. In a more ideal situation, these two sectors would be ranking among the highest contributors to economic activities because they are essential to modern living. Unfortunately, this is not the case here. The negligible contribution of these sectors hides the strong growth potential of the Lagos State economy if both sectors are repositioned to play their proper role in economic activities.

Currently, the NBS is compiling GDP figures for about six states of the federation. Ahead of the release of these figures, which was expected in March 2013, BusinessDay research will soon be releasing its report on the states of the Nigerian federation. The report is an in-depth analysis of the macroeconomic environment and fiscal plans of Nigeria’s 36 states and Abuja. It shows what the states are going to spend and how they are going to spend it. It is also a deep analysis of the financial profile of each state, showing internal revenue projections and history, debt overhang, projections and sustainability, projected expenditure-to-consumption ratios, and major projects in each state.

Due to non-availability of the GDP figures for the 36 states and Abuja, BusinessDay Research will be using NBS figures on consumption patterns in the states as a proxy for GDP figures. The report is an invaluable guide to anyone seeking to do business with or in the states and also to state governments wanting to know how their expenditure plans and macroeconomic environment compare competitively with other states and to the needs of the states.

http://businessdaynigeria.com/examining-lagos-state-gdp-figures
[/b]

solomon111: The southafrican economy is no longer the largest in Africa.
They've been displaced.
I respect kenya,but its industrial capacity cannot be compared with Nigeria or southafrica.

Hbuyosh:
i haven't disputed the fact on Naija's industria capacity either. Your population alone far exceeds that of the whole of East Africa Community. We consider Naija our big brother. But I feel Naija has over the years insurbordinated the other important sectors such as manufacturing, tourism and agriculture in favor oil. Otherwise today you'd be at par atleast with Malasia, probably Spain. You are very capable.
But for that, you blame the narrow minded military junta that has misruled that country since independence. It's a pity what i hear that much of the manufactured goods in Naigeria are imported, mainly from SA.
But today you are trying to revive those sectors, you are on the right track.
Kenya on the other hand recognised her handicap early enough and had to diversify her sources of revenue. They have incorporated all those sectors to support her economy.

AwodwaGyanOniwe: Typical Naaigerians, they pretend to be Kenyans now. HBuyosh isn't Kenyan. South Africans and Kenyans have a STRONG BOND because they have cultural links. SOUTH AFRICANS AND KENYANS ARE COUSINS ARE LINGUISTICALLY AND CULTURALLY CONNECTED.

DESPARATE NAAIGERIANS TRY HARDER.

AwodwaGyanOniwe:
[s]This is the same with banks. One SA bank can BUY OUT ALL NAAIGERIAN BANKS. FACT.

TOP 500 AFRICAN_COMPANIES_2013 BY REVENUE
Company name:
Country:
Sector:

Rank 2013 Company name Country Sector Turnover (Thds $) Turnover change Net profits
1 1 SONATRACH ALGERIA PETROLEUM 58 793 251 19,24% 9 305 439
2 2 SONANGOL ANGOLA PETROLEUM 22 244 664 -0,89% 2 515 973
3 3 SASOL SOUTH AFRICA CHEMICALS 18 393 415 -1,03% 2 398 323
[b]4 5 MTN GROUP SOUTH AFRICA TELECOMS 17 254 208 12,53% 2 151 435
5 4 THE BIDVEST GROUP SOUTH AFRICA DIVERSIFIED 16 517 786 8,24% 503 282
6 6 ESKOM SOUTH AFRICA ELECTRICITY 13 758 201 30,22% 1 257 160
7 8 SHOPRITE HOLDINGS SOUTH AFRICA RETAIL 10 140 697 21,14% 340 998
8 7 SANLAM SOUTH AFRICA INSURANCE 10 123 028 19,20% 980 182
9 9 VODACOM GROUP SOUTH AFRICA TELECOMS 9 207 089 14,29% 1 240 460
10 11 IMPERIAL HOLDINGS SOUTH AFRICA DIVERSIFIED 8 039 747 8,97% 340 318
11 10 PICK'N PAY STORES HOLDINGS SOUTH AFRICA RETAIL 7 815 246 5,58% 117 878
12 13 STEINHOFF INTERNATIONAL HOLDINGS SOUTH AFRICA DIVERSIFIED 7 227 618 10,39% 532 743
13 14 MASSMART HOLDINGS SOUTH AFRICA RETAIL 7 139 003 18,55% 176 989
14 12 VODACOM SOUTH AFRICA SOUTH AFRICA TELECOMS 6 979 676 2,59% N/A
15 19 ANGLO PLATINUM CORP. SOUTH AFRICA MINING 6 924 461 28,06% 1 498 332
16 16 SAPPI SOUTH AFRICA PAPER 6 572 000 18,30% 66 000
17 15 BARLOWORLD SOUTH AFRICA DIVERSIFIED 6 142 874 7,31% 7 673
18 32 DE BEERS CONSOLIDATED MINES SOUTH AFRICA MINING 5 877 000 34,66% -546 000
19 29 ANGLOGOLD ASHANTI SOUTH AFRICA MINING 5 842 425 29,05% 95 837
20 43 KUMBA IRON ORE SOUTH AFRICA MINING 5 823 017 45,80% 2 154 895
21 20 TRANSNET SOUTH AFRICA TRANSPORT 5 709 878 15,92% 618 801
22 25 MTN SOUTH AFRICA SOUTH AFRICA TELECOMS 5 389 420 17,08% N/A
23 26 SPAR GROUP SOUTH AFRICA RETAIL 5 242 310 17,04% 137 782
24 46 OFFICE CHERIFIEN DES PHOSPHATES MOROCCO MINING 5 128 650 41,28% 1 048 131
25 22 AVENG SOUTH AFRICA DIVERSIFIED 5 112 457 10,94% [/b]281 778
[b]26 24 MTN NIGERIA NIGERIA TELECOMS 5 038 871 10,83% N/A
27 17 TELKOM SOUTH AFRICA TELECOMS 5 033 154 -2,60% 183 850
28 34 NASPERS SOUTH AFRICA MEDIA 4 977 638 24,17% 791 367
29 23 MURRAY & ROBERTS HOLDINGS SOUTH AFRICA CONSTRUCTION 4 808 743 5,34% 165 239
30 28 SAB MILLER SOUTH AFRICA SOUTH AFRICA BEVERAGES 4 777 000 11,79% N/A
31 30 GOLD FIELDS SOUTH AFRICA MINING 4 748 999 17,42% 546 344
32 31 ORASCOM CONSTRUCTION IN/AUSTRIES EGYPT CONSTRUCTION 4 719 726 18,19% 572 896
33 21 GROUPE ONA* MOROCCO DIVERSIFIED 4 684 968 N/A 381 540
34 38 ARCELOR MITTAL SOUTH AFRICA SOUTH AFRICA METAL, STEEL 4 547 201 24,10% 202 355
35 36 GRIN/AROD SOUTH AFRICA SEA TRANSPORT 4 544 024 17,84% 126 204
36 27 SUEZ CANAL AUTHORITY EGYPT PORTS 4 542 000 5,56% N/A
37 41 SAMIR MOROCCO REFINING 4 365 837 22,53% 98 564
38 35 DATATEC SOUTH AFRICA ICT 4 302 972 13,13% 41 893
39 42 EDGARS CONSOLIDATED STORES SOUTH AFRICA RETAIL 3 849 414 12,88% -247 189
40 37 IMPALA PLATINUM HOLDINGS SOUTH AFRICA MINING 3 828 351 8,01% 709 372
41 45 OLD MUTUAL LIFE ASSURANCE CO. SOUTH AFRICA INSURANCE 3 775 543 17,54% 381 842[/b]
42 33 MAROC TELECOM MOROCCO TELECOMS 3 733 304 -1,98% 1 124 294
43 18 ORASCOM TELECOM EGYPT TELECOMS 3 693 228 -37,14% 150 915
44 49 WOOLWORTHS HOLDINGS SOUTH AFRICA RETAIL 3 519 477 16,02% 189 266
45 48 LIBERTY GROUP SOUTH AFRICA INSURANCE 3 432 065 13,59% 397 038
46 47 ALLIED ELECTRONICS CORP. SOUTH AFRICA ELECTRICAL EQUIPMENT 3 431 765 12,25% 81 544
47 50 THE ARAB CONTRACTORS EGYPT CONSTRUCTION 3 428 433 19,38% 249 468
48 TRANSNET FREIGHT RAIL SOUTH AFRICA TRANSPORT 3 401 223 N/A N/A
49 44 NETWORK HEALTHCARE HOLDINGS SOUTH AFRICA HEALTHCARE 3 381 213 7,37% 193 479
50 39 NAFTAL ALGERIA PETROLEUM SERVICES 3 367 077 -2,08% 91 011

Read the original article on Theafricareport.com : TOP 500 COMPANIES IN AFRICA | Top 500 Companies
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