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Nairaland Forum / Nairaland / General / Business / "South Africa And Nigeria, Which Should Be The Largest Economy? (847 Views)
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"South Africa And Nigeria, Which Should Be The Largest Economy? by DiegoNakel(m): 10:10pm On Aug 13, 2016 |
Even if you are being fooled, must you fool
yourselves? -DT
"SOUTH AFRICA AND NIGERIA, WHICH
SHOULD BE THE LARGEST ECONOMY?
As Nigerians, we know about Nigeria while
we have little information about South Africa. 1. Daimler, Toyota, BMW, Ford, Arvin Exhust, Corning, Bloxwitch have production plants in South Africa. 2. South Africa manufactures Electronics, Computer Hardwares. 3. South Africa manufactures Military Hardwares and Aircrafts 4. South Africa manufactures choice wines and spirits with Nigeria as its biggest market in Africa. Next time, before you drink that Wine, look at the label. It will 60% be 'A product of South Africa' 5. South Africa boasts of world class Textile Industries. 6. South Africa manufactures, refurbishes and repairs Ships . 7. South Africa has the largest mining and solid mineral sector in Africa What do we produce or manufacture in Nigeria? The GDP was rebased and we placed ourselves as the largest Economy in Africa without growth in the real sector of the Economy. . We used administrative controls to peg the value of our Currency for years without Fundamentals to back it up. The administrative controls are removed, the wind blew and our behinds are exposed. South African Rand is growing in value because of growth in the real sector of the Economy while the value of the Naira plummets because our economic mainstay is in the wilderness and militancy is holding us at the jugular. We export Crude Oil and import petroleum products. We export raw Cocoa and import chocolate bars and processed Cocoa for packaging by the Nestle of this world. A total drain on our Dollar earnings. I ask again, what do we produce? Even if you are being fooled, must you fool yourselves?" 2 Likes |
Re: "South Africa And Nigeria, Which Should Be The Largest Economy? by MPSA(m): 12:19am On Aug 14, 2016 |
DiegoNakel: Broda, The truth isn't welcome in this forum, If you want peace between you and nairalanders; Shout this word louder "Giant of Africa", , The masses of nairalanders will love you forever, For now! You are looking for trouble I 'm warning you 1 Like |
Re: "South Africa And Nigeria, Which Should Be The Largest Economy? by KnowAll(m): 12:23am On Aug 14, 2016 |
Rand use to be 1 to 8. Never it was 1 to 13 now. So they too have had a bit of devaluation on their currency. |
Re: "South Africa And Nigeria, Which Should Be The Largest Economy? by MPSA(m): 12:42am On Aug 14, 2016 |
KnowAll: You are correct, but at least the rand is heading to that position of 1:8, is promising a lot compare to previous months. Let us wait and see, but still I don't trust this story of GDP, few months ago we(SAns) were position 3, now the report said we are number 1. It's obvious before december we will be number 31 , kenya,nigeria or south sudan will take position 1 I don't trust this GDP story anymore, Number 1 or No number 1, life is still going on |
Re: "South Africa And Nigeria, Which Should Be The Largest Economy? by junketer(m): 1:32am On Aug 14, 2016 |
I've told you people severally to stop comparing nigeria to south africa. It is an insult to south africa. You should compare european countries(western europe) to south africa. This country is not referred to as "europe in africa" for nothing. 1 Like |
Re: "South Africa And Nigeria, Which Should Be The Largest Economy? by Standing5(m): 1:51am On Aug 14, 2016 |
One produces,the other purchases. The producer makes money off the purchaser everytime there is a sale. The producer grows in statue while the purchaser shrinks for every sale cycle You decide which should be the bigger of the two . . . |
Re: "South Africa And Nigeria, Which Should Be The Largest Economy? by upengineer: 2:47pm On Aug 14, 2016 |
Are you trying to say Dr Okojo Iweala lied Or is there something am missing because people have been praising her all along. DiegoNakel: |
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