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Foreign Affairs / Re: Who Has The Strongest Military In Africa? by CraigB: 4:17pm On Sep 04, 2014
AugustineAgain:

Proves South Africans claim of killing many Seleka Rebels is false, the only photos of dead men we see from the battle of Bangui are South African soldiers (With due respect to the dead).

You come here to tell us 1,000 Seleka men died and there is no picture of even on dead body existing. SANDF is a big liar!
.

Is that so?

Is that why you've posted pictures of South Africans who were killed by Seleka - over and above the 13?

You do argue that Seleka killed more than 13 of our men, don't you?

So, you've posted pictures of our dead soldiers...

Oh, wait...
Foreign Affairs / Re: Who Has The Strongest Military In Africa? by CraigB: 3:10pm On Sep 04, 2014
AugustineAgain:

Do you know the meaning of the world 'TRUE' ? It means proved correct and tested correct.

All the other armies of over 100 countries of this world can also claim to be TRUE professional because they have not been tested in battle and have never fought any long sustained war like America, Russia, Britain, Israel, and Nigeria !

Only we who are fully tested are the true world class professional military.


Show us a war fought by 10,000 terrorists disguised as civilians of whom 50% are South African citizens, living on South African soil, mixed with your own civilians in your townships, armed with machine guns and RPGs, sow us such a war fought by your SANDF to test your true practican capacity to cope with such an unconventional war motivated by religion and readiness to do suicide bombing plus full war spread over an area of the size of Great Britain and across the whole length of South African border from Namibia to Mozambique, crossing border into Zimbabwe and crossing back into South Africa at night to attack civilian towns that are defenceless, show me such a war SANDF has ever fought to prove their real combat capability and not photography marketing you guys are doing here like retaards, who told you photographs is a prove of an army's battlefield capability? I am sure you don't know the true meaning of war.

Nigerian army just k.illed over 100 Bokos and captured over 30, in a dangerous mixed street to street fighting inside a city of half a million civilians and yet with very little civilian casualties even in the dark night of combat, show me where your SANDF 'professional' army and air force has done that in the last 100 years !!!!

SANDF are only professional photographers

#ShowUsSANDF inBattle AndThe Enemy TheyK.illed tongue shocked tongue

.

Pictures of a dead enemy scream desperation. When all else has failed, be vulgar, why don't you?

But we all know why you're desperate.

How many pictures of dead people have you posted? Are you a professional photographer of the dead?
Foreign Affairs / Re: Who Has The Strongest Military In Africa? by CraigB: 8:27am On Sep 04, 2014
agaugust:

[size=14pt]

Enjoy it, it's your own South African news report . Mugu Maga !

"There’s a war going on in southern Africa. And though it may not have the human body count of, say, Sudan, this battle is just as bloody. In 2012, rhino poaching in South Africa left more than 650 rhinos illegally slaughtered– approximately one every 16 hours– and more than 100 humans died in the fight to protect them."

http://greenglobaltravel.com/2013/03/18/rhino-poaching-in-south-africa-rhino-wars/

Even a 'blind' man will see the blue bolded part tongue tongue[/size]

.

Where is "the proof"? It certainly is not in this link.

Making things up as usual?

LOL _ Augububu now talking about "humans" dying. Are you tired of comparing Naai-gerians to beasts and demanding that beasts be accorded the same rights and protection as Naai-gerians? grin

It's so easy to show how limited your thinking is. lipsrsealed

2 Likes

Foreign Affairs / Re: Who Has The Strongest Military In Africa? by CraigB: 10:58pm On Sep 03, 2014
agaugust:

That SAAF helicopter crash in Kruger park is a very widespread story you can get full details in 5 seconds google search, posted sources here many times and everybody saw it, 5 South African air force officers died chasing Rhino thieves.

I am not happy anybody died, I had to post it because you deceitful South Africans keep denying the fact that 100 security forces personnel died fighting Rhino hunters, even when the sources from inside your own country was posted here to prove it, you guys kept denying.

Am not happy anyone died, it is you South Africans that are heartless inhuman sadists rejoicing on this forum in support of Boko Haram murdering innocent civilians in acts of Islamic terrorism that the whole world is sad and condemning.

Show me where any South African condemned Boko Haram on this thread.

Nation of sadists, inhuman Southies
.

Since when do forumites send others to do their own google searches when confronted with a demand for proof? I know! It's when the proof cannot be produced!

Boo-hoo about condemning Boko Haram. I refer you to your Seleka singsong two years ago.

We repeat - you bemoan the death of South African animals while we bemoan the death of Nigerians. Nigerians. Animals. Well done for asking about your people the same questions South Africa asks about its animals. Quite telling.

1 Like

Foreign Affairs / Re: Who Has The Strongest Military In Africa? by CraigB: 10:00pm On Sep 03, 2014
agaugust:

South African military being killed by animal thieves, what would happen to them if they fight another country when thieves can defeat them. You no dey think?

You are yet to post a link showing that.

What we know for certain is that you find it fitting to compare Naai-gerians to South African animals.

And while you're at it, you're happy to confirm that South African soldiers die on duty.

We know that Naa-gerian soldiers flee, to die another day in retirement.

3 Likes

Foreign Affairs / Re: Who Has The Strongest Military In Africa? by CraigB: 9:23pm On Sep 03, 2014
agaugust:

He died on duty against Rhino thieves. Another 5 died in helicopter crash on duty against Rhino thieves probably shot down by Poachers. Too many people die in South Africa daily, so you don't care to count any more. Murder capital of the world ANC slaughter house
.

The naai-gerian soldiers that fled for their lives will not die on duty. They will never face an honourable death. They will die old and comfortable like the cowards they are.

3 Likes

Foreign Affairs / Re: Who Has The Strongest Military In Africa? by CraigB: 9:16pm On Sep 03, 2014
Msauza:

Damn that soldier was never killed by poachers, it was a suicide. Beside this only gives account of only one soldier. What about other 99?

@Agaugust poachers can never challenge SANDF on a gun fight, never. Poachers usually walk in small groups and will do everything possible to avoid contact with security personnel. They are nothing more than thieves.

BTW are you craving for bush meat. You won't give up this issue of animals where we raise important issue about protecting life of people which is something very important to any military, not that of animals. Bwahahahahaha!!!

His is actually a sad story.

He places his people at the same level he places our rhinos.

When we say 'compare apples to apples', he compares Naai-gerians to rhinos.

Even then, the naai-gerian's right to life is protected at a few rungs lower than our rhinos'. Naai-gerian leaders couldn't be less bothered.

3 Likes

Foreign Affairs / Re: Where Would South Africa Be Without White People? by CraigB: 9:10pm On Sep 03, 2014
[quote author=EroZA]
if 9 shoprite stores in Nigeria can make more money than over 1200 shoprite stores in SA....surely Nigerians are exploitable


"Exploitable" Tafelkoppe - now there's an interesting word.

___



SA ripping Nigeria off
24 June 2013, 20:29

I had the misfortune of walking through a South African owned shop in Lagos recently. Mr. Price to be precise. I had just returned from a trip to Johannesburg and looking for cheap gifts i had forgotten to pick up for my hangers on when i returned. There was a piece of sweat shirt I had made a mental note to purchase at Mr. Price and decided to get it at the Nigerian store. T

his was a piece of item placed at their “priced to go” racks at N1,800 (R114.74) per piece. I have a long, retentive memory and i could still recall that this same piece of sweatshirt sells for N784.24 (R49.99) in South Africa. And if you factored in my 14% tax rebates, that sweat shirt did in fact come to me at N669.34 (R42.99). That’s some 269% increase over and above the marked prices inside South Africa.

This huge price differential is typical across board on most south african owned consumer products in Nigeria. From Shoprite to Chicken Republic to Massmart (Game), Mr. Price, Woolworth and Truworths. It is a tale of undue exploitation of Nigerians by South African Businesses.

Before i am crucified for being xenophobic, it is important to understand that the criticism of South African companies have persisted as a consequence of their approach to business in Nigeria, which has often been characterised as predatory and mercantilist. South Africa’s foreign policy towards Nigeria and indeed, towards all of Africa is not based on any Pan-Africanism or anti-imperialism; it is rather based on promoting South Africa’s expanding business interests on the continent.

It is an expansionist agenda that South African corporations and parastatals have successfully implemented in a one-sided hegemonic relationship. As echoed by Foluso Phillips, the chairman of Lagos-based Phillips Consulting, a business consultancy of branding advisors, “There is much that South Africa can offer Nigeria, but there has been a problem of attitude and lack of trust as well as divergent objectives by both parties,… however, there must be a strong spirit of win-win, as the track record and perception makes it all look one-sided in South Africa’s favour.”

Believe me, I am a fan of South African business in Nigeria. Rightly or wrongly, the economic boosts our country has experienced in various sectors of the economy, in particular, retail and telecommunication, through the interventions of South African businesses have helped to redefine the consumer experience here. They have brought healthy competitions and quality alternatives to other product offerings. They have been open about their desire to conquer the consumer market and have in turn created employment opportunities for thousands of Nigerians. They saw the potential of the middle income groups in Nigeria and positioned themselves to tap into it.

My grouse however, is that this competitive positioning cannot and should not be exploitative in nature, which is exactly what is happening today. It shouldn’t happen in a market of 170 million people in which, 40% of the population describe themselves as middle income earners.

This target group alone represent a market that’s still larger than the entire population of South Africa! Worse still, this should not be happening in a country that allows businesses to repatriate 100% of entire profits back to home. And it definitely shouldn’t be happening in a country that has massive disparities in incomes with it. Some comparative economic data will suffice here:

Nigeria South Africa
Population 170 million 52 million
Gross Domestic Product $268.7 billion $375.9 billion
GDP per Capita $1,657 $7,257
Exports (1st Quarter, 2012) $750 million $150 million

How does it happen that the earning power of the average south african is more than 4 times that of his Nigerian counterpart and yet, Nigerians are made to pay almost 3 times for the same quality of goods. The reality is, South African companies are making a dangerous killing in Nigeria and we are helpless to do anything about it. There is evidence that South African companies have been involved in blatant profiteering and looting in Nigeria.

For a very long time, MTN charges in Nigeria were the highest rates in the world for cellular phone calls. And despite its massive profits, MTN has really only created about 500 permanent jobs. Most of its employees are casual or temporary workers, and just like other South African corporations, denies all of its workers the right to join a trade union. Something that would be most unheard of in their own country.

And do not be deceived by the trade surplus in Nigeria’s favour. Of the 750 million dollars worth of Nigerian exports to South Africa reported in the first three months of 2012 by The South African Revenue Service, 740 million dollars worth are made up of mineral products, mainly oil. That means, other than oil, Nigeria have absolutely no stake in South Africa’s economy.

Compare that with MTN owning 52% of Nigeria’s mobile telecommunications market; franchises like Nandos, Chicken Republic and St. Elmos, etc owning 50% of the international fast food market worth US$2.5 million per annum; DSTV accounting for 90% of the viewers that watch satellite TV in Nigeria; SASOL playing major roles in Escravos with Chevron; and Entech and Broll managing prime estates and properties including the development of the Bar Beach (Eko Atlantic) and management of over 600 fuel stations and malls across Nigeria respectively. This can’t healthy.

There is a reason why such unequal trade relations exist between Nigeria and South Africa. The bilateral agreements signed by both governments since 1999 allows this to happen without hinderance to operations. South African companies’ investments in Nigeria are heavily protected from any interference at any level by the Nigerian government. It is a license to grow as they please without consequence. Added to this, there are substantial tax rebates for companies operating here through agreements on eradicating double taxation.

South African companies that paid tax in Nigeria are protected from paying taxes back home and can repatriate the entire profits. Now, imagine the US$5.3 billion MTN had earned after tax in the 10 years of operation from 2001 – 2011 finding its way back to the South African economy tax free! Why wouldn’t the Rand be stronger than the Naira at any level?

When the foundations of this country was laid in the fight against imperialism, it was not envisioned to have it substituted with another form of neo-colonialism. The activities of South African businesses in Nigeria have been abrasive to Nigerians and the Nigerian economy.

There is a siege mentality they have on this country that needs to be addressed. They have created opportunities not to develop the Nigerian economy but to exploit its resources. We experienced that with the British, endured it with the Chinese and now, it’s the South Africans that are our new colonialists. This is not the sort of relationship we should be aspiring to at this time. The sooner our government addresses these imbalances the better.

1 Like

Foreign Affairs / Re: Who Has The Strongest Military In Africa? by CraigB: 12:05am On Sep 03, 2014
agaugust: .
[size=14pt]
Big shame on every South African on this forum.

I wonder how your jobless SANDF gets it's own battle experience without fighting any real big and long sustained war tongue tongue

Nigerian army finally wins the battle of Bama...

http://www.thisdaylive.com/articles/bama-not-captured-by-boko-haram-says-borno-deputy-governor/188010/

[/size]
.

One word: Propaganda.

Failure to defeat boko haram now has a new description: BIG, LONG AND SUSTAINED WAR.

Certainly sounds better than "uselessness".

3 Likes

Foreign Affairs / Re: Who Has The Strongest Military In Africa? by CraigB: 11:03pm On Sep 02, 2014
Rubbish military. No point debating it.

4 Likes

Foreign Affairs / Re: Who Has The Strongest Military In Africa? by CraigB: 11:03pm On Sep 02, 2014
Most of military's hardware dates back to purchases made under the civilian government overthrown in 1983 - the last non-military administration until multi-party democracy returned in 1999.

The rot is blamed largely on corruption - and some say the inadequacy is also a legacy of long years of neglect by military regimes, coupled with politicians who argued a strong army was a challenge to democracy.

All this has allowed Boko Haram to seize the initiative, taking over and holding towns and villages and hoisting their flags in places such as Gwoza.

This has emboldened the group's leader to declare a caliphate in the areas it controls.

The Nigerian defence headquarters dismiss this as empty rhetoric - they say the sovereignty and territorial integrity of the state is still intact.

But many Nigerians remain wary of such reassurances and are apprehensive about what the militants may do next.

3 Likes

Foreign Affairs / Re: Who Has The Strongest Military In Africa? by CraigB: 11:02pm On Sep 02, 2014
http://www.bbc.co.uk/news/world-africa-29014513

What pride, I ask?

__

Letter from Africa: Nigeria's Boko Haram wounds army's pride



In our series of letters from African journalists, Mannir Dan Ali considers Nigeria's inability to prevent the Boko Haram militant group from gaining ground in the north-east.

Just when you imagine that it cannot get worse for the Nigerian military and its pride as a fighting force, it takes a further dive.

With the abduction of the more than 200 teenage schoolgirls from Chibok in north-eastern Nigeria well past the three-month mark and no news yet about their rescue, the number of towns and villages being taken over by the Boko Haram insurgents is steadily growing.

It seems military commanders have believed their own propaganda, ignoring the true state of affairs in the troubled region.

For nearly a year - coinciding with the state of emergency in the north-east - there have been constant reports quoting foot soldiers saying they lack the equipment to match the firepower of the insurgents.

Recently some soldiers claimed that sending them to engage the insurgents without adequate weapons was like sending them to die.


Last month saw the unprecedented spectacle of soldiers' wives protesting at the barracks in Maiduguri against the deployment of their husbands to the battle front on the grounds that they were not properly equipped.

Before that the senior general in charge of the same barracks barely escaped with his life when angry junior soldiers turned their guns on him after they heard about a bloody ambush in which a number of their colleagues lost their lives.
Courts-martial

He escaped unharmed - after being whisked away by his security aides - and was discreetly replaced shortly afterwards.

This was quickly followed by reports of mutinous conduct by some soldiers who refused an order to be posted to engage with the Boko Haram militants.

At all times the Nigerian military authorities issue standard denials and in the case of the refusal to carry out orders attributed it to "mischief-makers working for terrorists".

On the wives' protest, Nigeria's army chief Lt-Gen Kenneth Minimah warned: "Any repeat of such acts, I will tell soldiers to use koboko [whip] on the wives and bundle them out of the barracks."

[..]

2 Likes

Foreign Affairs / Re: Where Would South Africa Be Without White People? by CraigB: 3:12pm On Sep 01, 2014
AwodwaGyanOniwe: grin grin grin grin grin grin
Dumb refuse spoecies!!!!!!Zero reasoning ability since SLAVE TRADE. grin grin grin grin


Haha - Die tafelkoppe. grin
Foreign Affairs / Re: Who Has The Strongest Military In Africa? by CraigB: 11:01am On Sep 01, 2014
Q'ing Camping for the South African visa.

If only Naai-geria knew how to build working institutions - like, say, a proper military for example. undecided

Foreign Affairs / Re: Where Would South Africa Be Without White People? by CraigB: 10:00am On Sep 01, 2014
Living in self-delusion: Who controls Africa’s economy— Nigeria or South Africa?

on September 01, 2014 / in Broken Links 12:56 am / Comments

By OMOH GABRIEL

When in 2004 President Olusegun Obasanjo muted the idea of a state- backed Nigerian company that can compete favourably with multinational companies, Nigerians partially bought into the idea.

AfricaThis led to the setting up of Transnational Company of Nigeria otherwise called Transcorp.

It was meant to be private sector-driven but has the stamp and backing of the state.

As soon as the company started, insinuations and condemnation trailed its take off and not too long after, what was a noble idea fizzled out. The dream was stillborn.

Japan, unlike Nigeria, when it started its post-war economic reconstruction, put in place appropriate economic policies to support the development of the private sector.

Over the years, it was the dynamism of the Japanese private sector that saw a country without natural endowment emerging in the late 70s as world economic power house.

Looking at the example of the economy of South Korea, it is the same dynamism of private sector companies that has brought the country to its present status as one of the Asian tigers.

You can easily count the companies making wave in South Korea — Kia Motors, Daewoo, LG Electronics, Hyundai etc.

Nigeria today prides itself as the leading economy in Africa by gross domestic product measure. That is all there is to it.

The question to ask is who are those making it happen in the Africa continent? How many Nigeria-owned companies of note are global players in Africa’s economic scenario?

The fact on ground has reduced the Nigeria euphoria to mere cheap talk, fantasy and day-dreaming. Apart from Dangote Cement, perhaps UBA, Zenith, GTbank and few others which have presence in some African countries, though not in South Africa and North Africa; there is no visible presence of Nigerian businesses elsewhere.

But South Africa which Nigeria with fanfare celebrated it took over from as the leading economy in Africa, is everywhere in Nigeria and other African countries.

A global bank ranking by The Banker in 2014 has shown that South Africa dominates banking industry by assets in Africa.

The assets of Standard Bank alone is more than that of the five leading banks in Nigeria despite the 2004 banking consolidation. Financial industry report also showed that ETI is the largest bank in Africa by spread and majority of its staff are Nigerians.

Indications are that South Africa’s fourthlargest bank, Nedbank will by the end of 2014 own 20 per centof ETI. Simply put, a South African bank will be the largest bank in Africa by assets and one of its other bank is about to own 20 per cent of Africa’s largest bank by spread.

Funny enough, ETI is not even headquartered in Nigeria but is depending on Nigeria to drive its earnings. So who is the leader? Nigerians should please think and answer the simple question.

Another South African bank, Standard Bank, bought over IBTC/Chartered Bank which, for purpose of identity, is called Stanbic/IBTC. This Nigerian arm of the South Africa bank is the largest equity trader by value in Nigeria, largest portfolio manager and is represented on the council of the Nigerian Stock Exchange.

It has also been selected as the sole broker for the Federal Government of Nigeria and was picked by the government to be the settlement bank for the electronic warehouse receipt system introduced by the Nigerian Commodity Exchange.

Its founder and board chairman of the Nigerian arm of Standard Bank, Mr. Atedo Peterside is on Nigeria’s Economic Management Team.

The poser to this government is: which Nigerian bank has made any inroads worth mentioning into South Africa? How many Nigerian corporate entities are operating in South Africa profitably? No thanks to haphazard economic policies of government.

According to Jude Fejokwu, Principal Analyst, Thaddeus Africa Research, Templeton has its African investments office in South Africa but its emerging market star manager is more excited about Nigeria than South Africa.

Renaissance Asset Management, he disclosed, has a pure Nigerianfund and so does Sustainable Capital. Both companies run the funds out of South Africa. It is now obvious MTN Nigeria generated 37 per centof total revenue for the MTN Group worldwide as at first half of 2014.

The Nigerian arm’s revenue was 41.5 per centhigher than that of the home country, South Africa. The Nigerian arm increased revenue by 21.5 per cent while the South African arm had a decline in revenue of 7 per cent. MTN has been in Nigeria for 13 years and Nigeria contributes more than a third of the revenue for the whole MTN Group worldwide.

Meanwhile, MTN Nigeria is not listed here, where it rides the wave of profitability and repatriates the funds back home.

DSTV will be no different from MTN in terms of where majority of its revenue comes from. It increases its subscription fees every 15 months on average.

It is also not listed in Nigeria. China’s National Development & Reform Commission handles issues of pricing in China in conjunction with two others.

The organisation recently forced automakers like Mercedes to reduce their prices which the Chinese said were selling in excess of their home markets.

The same thing that the Chinese authorities kicked against is happening here in Nigeria, Africa’s most populous nation and no one is talking of doing anything about it.

The people who are in position to do something about this are busy discussing how to embezzle more money to afford these exorbitant prices instead of protecting the populace.

Tiger Brands, a South African company has bought a majority stake in UAC Foods and Dangote Flour in its quest to drive earnings which have stagnated in its home country. Shoprite, another South African firm is working on its 10th shop in Nigeria presently.

It does not disclose its profit margins and is listed in its home country and not in Nigeria where it is making a lot more money than it envisaged and continues to have increases in headline earnings.

I cannot but agree with Jude Fajokwu, Principal analyst Thaddeus Africa Research that Nigeria may be the largest economy overnight but it is definitely not seen as the wife of African financial services industry.

It remains a bachelorette that no one is interested in marrying because they are getting so much milk and honey piewithout commitment, so why proceed further.
- See more at: http://www.vanguardngr.com/2014/09/living-self-delusion-controls-africas-economy-nigeria-south-africa/#sthash.zZfQMSPc.dpuf
Foreign Affairs / Re: Who Has The Strongest Military In Africa? by CraigB: 10:00am On Sep 01, 2014
Living in self-delusion: Who controls Africa’s economy— Nigeria or South Africa?

on September 01, 2014 / in Broken Links 12:56 am / Comments

By OMOH GABRIEL

When in 2004 President Olusegun Obasanjo muted the idea of a state- backed Nigerian company that can compete favourably with multinational companies, Nigerians partially bought into the idea.

AfricaThis led to the setting up of Transnational Company of Nigeria otherwise called Transcorp.

It was meant to be private sector-driven but has the stamp and backing of the state.

As soon as the company started, insinuations and condemnation trailed its take off and not too long after, what was a noble idea fizzled out. The dream was stillborn.

Japan, unlike Nigeria, when it started its post-war economic reconstruction, put in place appropriate economic policies to support the development of the private sector.

Over the years, it was the dynamism of the Japanese private sector that saw a country without natural endowment emerging in the late 70s as world economic power house.

Looking at the example of the economy of South Korea, it is the same dynamism of private sector companies that has brought the country to its present status as one of the Asian tigers.

You can easily count the companies making wave in South Korea — Kia Motors, Daewoo, LG Electronics, Hyundai etc.

Nigeria today prides itself as the leading economy in Africa by gross domestic product measure. That is all there is to it.

The question to ask is who are those making it happen in the Africa continent? How many Nigeria-owned companies of note are global players in Africa’s economic scenario?

The fact on ground has reduced the Nigeria euphoria to mere cheap talk, fantasy and day-dreaming. Apart from Dangote Cement, perhaps UBA, Zenith, GTbank and few others which have presence in some African countries, though not in South Africa and North Africa; there is no visible presence of Nigerian businesses elsewhere.

But South Africa which Nigeria with fanfare celebrated it took over from as the leading economy in Africa, is everywhere in Nigeria and other African countries.

A global bank ranking by The Banker in 2014 has shown that South Africa dominates banking industry by assets in Africa.

The assets of Standard Bank alone is more than that of the five leading banks in Nigeria despite the 2004 banking consolidation. Financial industry report also showed that ETI is the largest bank in Africa by spread and majority of its staff are Nigerians.

Indications are that South Africa’s fourthlargest bank, Nedbank will by the end of 2014 own 20 per centof ETI. Simply put, a South African bank will be the largest bank in Africa by assets and one of its other bank is about to own 20 per cent of Africa’s largest bank by spread.

Funny enough, ETI is not even headquartered in Nigeria but is depending on Nigeria to drive its earnings. So who is the leader? Nigerians should please think and answer the simple question.

Another South African bank, Standard Bank, bought over IBTC/Chartered Bank which, for purpose of identity, is called Stanbic/IBTC. This Nigerian arm of the South Africa bank is the largest equity trader by value in Nigeria, largest portfolio manager and is represented on the council of the Nigerian Stock Exchange.

It has also been selected as the sole broker for the Federal Government of Nigeria and was picked by the government to be the settlement bank for the electronic warehouse receipt system introduced by the Nigerian Commodity Exchange.

Its founder and board chairman of the Nigerian arm of Standard Bank, Mr. Atedo Peterside is on Nigeria’s Economic Management Team.

The poser to this government is: which Nigerian bank has made any inroads worth mentioning into South Africa? How many Nigerian corporate entities are operating in South Africa profitably? No thanks to haphazard economic policies of government.

According to Jude Fejokwu, Principal Analyst, Thaddeus Africa Research, Templeton has its African investments office in South Africa but its emerging market star manager is more excited about Nigeria than South Africa.

Renaissance Asset Management, he disclosed, has a pure Nigerianfund and so does Sustainable Capital. Both companies run the funds out of South Africa. It is now obvious MTN Nigeria generated 37 per centof total revenue for the MTN Group worldwide as at first half of 2014.

The Nigerian arm’s revenue was 41.5 per centhigher than that of the home country, South Africa. The Nigerian arm increased revenue by 21.5 per cent while the South African arm had a decline in revenue of 7 per cent. MTN has been in Nigeria for 13 years and Nigeria contributes more than a third of the revenue for the whole MTN Group worldwide.

Meanwhile, MTN Nigeria is not listed here, where it rides the wave of profitability and repatriates the funds back home.

DSTV will be no different from MTN in terms of where majority of its revenue comes from. It increases its subscription fees every 15 months on average.

It is also not listed in Nigeria. China’s National Development & Reform Commission handles issues of pricing in China in conjunction with two others.

The organisation recently forced automakers like Mercedes to reduce their prices which the Chinese said were selling in excess of their home markets.

The same thing that the Chinese authorities kicked against is happening here in Nigeria, Africa’s most populous nation and no one is talking of doing anything about it.

The people who are in position to do something about this are busy discussing how to embezzle more money to afford these exorbitant prices instead of protecting the populace.

Tiger Brands, a South African company has bought a majority stake in UAC Foods and Dangote Flour in its quest to drive earnings which have stagnated in its home country. Shoprite, another South African firm is working on its 10th shop in Nigeria presently.

It does not disclose its profit margins and is listed in its home country and not in Nigeria where it is making a lot more money than it envisaged and continues to have increases in headline earnings.

I cannot but agree with Jude Fajokwu, Principal analyst Thaddeus Africa Research that Nigeria may be the largest economy overnight but it is definitely not seen as the wife of African financial services industry.

It remains a bachelorette that no one is interested in marrying because they are getting so much milk and honey piewithout commitment, so why proceed further.
- See more at: http://www.vanguardngr.com/2014/09/living-self-delusion-controls-africas-economy-nigeria-south-africa/#sthash.zZfQMSPc.dpuf

1 Like

Foreign Affairs / Re: Who Has The Strongest Military In Africa? by CraigB: 9:50am On Sep 01, 2014
FighterPilot: [size=16pt]BOKO HARAM HAS TAKEN OVER DAMBOA YET AGAIN AFTER MILITARY TAKEOVER. THIS THING OF ISLAMIC CALIPHATE WORRIES ME TO THE CORE BECAUSE IT SEEMS AS IF IT IS SLOWLY BUT SURELY BECOMING A REALITY.[/size]


http://m.aljazeera.com/story/2014831729932280

Two words:

Rubbish military.

2 Likes

Foreign Affairs / Re: Where Would South Africa Be Without White People? by CraigB: 7:23am On Sep 01, 2014
Hahaha - Tafelkoppe getting it. grin


https://www.youtube.com/watch?v=jAFRyFc_14E

1 Like

Foreign Affairs / Re: Where Would South Africa Be Without White People? by CraigB: 2:13pm On Aug 29, 2014
AwodwaGyanOniwe: grin grin grin grin
Oga Morphy grin grin grin grin grin

In other words, they were mentally disturbed and unstable. And they continue to be. See them in South Africa below.

1 Like

Foreign Affairs / Re: Where Would South Africa Be Without White People? by CraigB: 11:25am On Aug 29, 2014
Apegerians in South Africa.

Have a look at the boons.

https://m.youtube.com/watch?feature=youtu.be&v=PRCPpcSFG7E
Foreign Affairs / Re: Where Would South Africa Be Without White People? by CraigB: 6:40pm On Aug 27, 2014
AwodwaGyanOniwe: SA hoods look like USA hoods...tarred roads, 24 hr electrcity,running water/tap water 24hr, rubbish collected every week.
These things happen all over SA from low income areas to upper income areas.

And ape-gerian hoods look like...arg never mind, the whole place is a ghetto.
Foreign Affairs / Re: Where Would South Africa Be Without White People? by CraigB: 1:42pm On Aug 27, 2014
iconize:

You're a beast of no nation with no identity, we all know that. grin grin grin grin grin

But you tried to deny your moronic self. grin grin

Now tell me, are you blek, pink or brown?

And if you keep repeating the same thing you'll be smarter.

Robotic malfunction.
Foreign Affairs / Re: Where Would South Africa Be Without White People? by CraigB: 1:12pm On Aug 27, 2014
iconize: I whipped craigb to the extent that he denied himself, and confessed that introducing the word "blek" on this thread is his only achievement in life. grin grin grin grin grin grin

Yes, that's why you keep asking me to tell you what I am. Sure, dude.

2 Likes 1 Share

Foreign Affairs / Re: Where Would South Africa Be Without White People? by CraigB: 11:43am On Aug 27, 2014
Post some architecture Awodwa. grin

1 Like

Foreign Affairs / Re: Where Would South Africa Be Without White People? by CraigB: 11:36am On Aug 27, 2014
iconize:

Black-on-black violence on black soil.

White-on-black violence on black soil in 21 century. grin grin grin

Yes, because black-on-black violence is the mark of intelligence.
Foreign Affairs / Re: Where Would South Africa Be Without White People? by CraigB: 11:35am On Aug 27, 2014
iconize:

Huh?

Clearly I was too ambitious.
Foreign Affairs / Re: Where Would South Africa Be Without White People? by CraigB: 11:34am On Aug 27, 2014
AwodwaGyanOniwe: Igbo flat heads getting fuvcked by their own. grin grin grin grin grin grin grin grin grin grin grin
Naaigayria is a BRITISH Creation.

It's blek luuurve.
Foreign Affairs / Re: Where Would South Africa Be Without White People? by CraigB: 11:33am On Aug 27, 2014
iconize:

Yup! They kak in something similar to this.

A south African primary school "toilet". grin

A naai-gerian's come within striking distance of a toilet by typing the word on a computer.
Foreign Affairs / Re: Where Would South Africa Be Without White People? by CraigB: 11:31am On Aug 27, 2014
AwodwaGyanOniwe: Over 100 million of these "NAERS" kak outside.... grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin
While over 150m of them have never seen a "LIGHT BULB OR FLUSHED" a toilet before. Thats the sad nature of gi-ant sh8thole. grin grin grin grin grin grin grin grin grin grin grin


I'm sure Iconize is one of those. They kak into their waterways and rivers. grin
Foreign Affairs / Re: Where Would South Africa Be Without White People? by CraigB: 11:30am On Aug 27, 2014
iconize:

Whoo.. Is this the height of your dumbness?

You mean some white men did that? grin grin

10th unanswered question today. Smart. Because black-on-black violence is civilisation in ape-geria.
Foreign Affairs / Re: Where Would South Africa Be Without White People? by CraigB: 11:22am On Aug 27, 2014
iconize:

This is what CraigB likes. Getting kicked in his territory. grin grin grin

Yes, because the below happened in Mars. 2014 vs 1960

Nice. That's progress.

1 Like

Foreign Affairs / Re: Where Would South Africa Be Without White People? by CraigB: 11:19am On Aug 27, 2014
iconize:

You see the mental damages apartheid has done to your life? grin grin grin

You prefer getting kicked in the butt in your own territory? grin

You mean like how South African companies prefer to own Naai-geria?

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