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Nairaland Forum / Nairaland / General / Politics / Burning, Looting Of Nigerian Shops In South Africa: FG Takes Definitive Measures (49838 Views)
FG Takes 40 Ekweremadu’s Properties, Secures Interim Forfeiture Order / South Africans React To Ghana Closing Nigerian Shops (TWEETS) / Ghana’s Closure Of Over 400 Nigerian Shops Worrisome – FG (2) (3) (4)
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Re: Burning, Looting Of Nigerian Shops In South Africa: FG Takes Definitive Measures by philip0906(m): 1:43pm On Sep 03, 2019 |
SmartyPants: 1. That was a justifiable cause. South Africa would never have won that case. Slapping punishments on MTN and others for no reason is a violation of international law This is the reality and world of corporates...If the government wants to get you, they will get you. Once your business grows big VERY big, you become susceptible to lapses & loopholes which can be exploited by government. Google, Facebook, Uber etc are been fined left & right by different governments in different jurisdiction for the most " 2. We are dealing with a big picture of cause and effect. If Nigeria punishes MTN then how will Nigeria continue to be a cash cow for them? It is one of two things It is akin to asking if Nigeria is touted to be a very difficult place to do business (insecurity, policy somersaults, corruption, dwindling economy), how are businesses still surviving & making money? MTN will still want to remain in the Nigerian market, especially when they know it is only going to be temporary (the xenophobic attack). If they leave Nigeria, where will they go to? There's absolutely no market in Africa, that can give them the billions they make here...they know that.They were slammed with a massive fine & have been embroiled in dispute with the CBN, have they left? NO. They dare not; that will be the end of MTN. Their best bet is to weather the storm, subtly lobby and cajole their government to caution their senseless citizens and let them know the repercussions (even if hypocritical). 3. Of course, global investors will take note and stay clear. today your dispute is with South Africa and you are taking it out on their innocent business entities. Tomorrow if your dispute is with India it means you will take it out on Indian business entities. It is normal for disputes to arise every now and then but it can never stop investors from cashing in when they need to. The Pros outweigh the cons in this instance, for investors. What are the chances Nigeria will have a spat with India, America, China etc? What is the precedence of relationship between Nigeria & all these countries? Investors know and understand that. Afterall, xenophobia has always been in that country for over a decade, how many times has Nigeria taken action? Has MTN not waxed stronger over the years in Nigeria? Investors look at those stats |
Re: Burning, Looting Of Nigerian Shops In South Africa: FG Takes Definitive Measures by Naijaepic: 10:18am On Oct 31, 2019 |
Ok Mophasa uitepost=81847752: |
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