Latest statistics (09 July 2020) comparing Africa's powerhouses. South Africa has way more cases but their testing is also very broad.

21 day lockdown in CapeTown South Africa

Credits: www.news24.com

The most beautiful city in Africa is usually bustling with Traffic and padestrians but is erringly quite during the 21 day lockdown in South Africa

South Africa may be a developing country when measured by data such as gross national income per person, the government of the United States says – but not when you consider its membership of the powerful G20.

The Office of the United States Trade Representative (USTR) this week published a revised list of countries it considers developing, or least-developed, for the purpose of some calculations on trade duties. It no longer includes South Africa among those.

South Africa is undoubtedly the most developed and most sophisticated economy in the whole African continent and only one standard economic measure, that of per capita gross income, qualifies SA as developing, the USTR says in its formal notice of the update published in the US Federal Register. But it is also a member of the G20, alongside Argentina, Brazil, India, Indonesia.

"The G20 is a preeminent forum for international economic cooperation, which brings together major economies and representatives of large international institutions such as the World Bank and International Monetary Fund," the USTR notice reads.

"Given the global economic significance of the G20, and the collective economic weight of its membership (which accounts for large shares of global economic output and trade), G20 membership indicates that a country is developed."

In considering its designations, the USTR "did not consider social development indicators such as infant mortality rates, adult illiteracy rates, and life expectancy at birth", it said.

The change means that South Africa is immediately ineligible for one type of preferential treatment over "developed" countries, in calculations around countervailing duties.

Under World Trade Organiation (WTO) rules, countervailing duty investigations are limited to cases where countries subsidise products or industries to an extent of at least 2% their value. For developing countries, that limit is set to half that, at 1%, making them less likely to attract trade-war-style measures from big importers such as the USA.

All South Africa's neighbouring countries still appear on the USTR's list of least-developed, or developing, countries.

Categorised as least-developed are:

Lesotho
Mozambique
Zimbabwe
While the "developing" designation applies to:

Botswana
Eswatini
Namibia

Im sure South African citizens would gladly ask their legitimate investments in Nigeria to come back in exchange for everything Nigerian in that country, I promise you, ASK THEM.

ahahnow:
Then MTN and Shoprite should also je je lee deport themselves out of Nigeria. Simple

They would rather die in SA than live in Nigeria. ASK any of them they will tell you.

dekunleJ:
It's Clear the government are backing this killing and saying the resident are after illegal immigrants to kill


I pity Nigerians over there.
let them revive sense and return home

rman:
If MTN goes to the stock exchange later in the year as promised, will Nigerians still refer to them as a South African company?

What a lot of people do not know is that South Africans no longer have majority shares in MTN group.

Where did you hear that MTN is not majority held in South Africa? Nigerians and making up facts... SMH

1st lets start with MTN Group

The biggest shareholder of the MTN Group is the Public Investment Corporation, which is owned by the South African Govt, other major shareholders are Coronation Asset Management of South Africa, MTN Zakhele, owned by black South Africans, and a variety of other International and South African Asset Management Companys.

The publically traded shares for the MTN Group are traded on the Johannesburg Stock Exhange, and are arguably majority owned by South Africans, which is why the Sathas and their govt went very frantic when Nigeria threatened to bankrupt their crown jewel.

Now on MTN Nigeria, huuuuuuuuuge majority, last time i checked about 80% is owned by the MTN Group, the balance being held by a variety of South African, International and Nigerian asset managers and filthy rich individuals.

Source: I did a masters thesis on MTN, but you can google if you dont trust my UNILAG qualification, you wouldnt be the first one either way .

Because South African Movies are not the type of movies you would find in Africa Magic. they are more comparable to Hollywood type movies

unfortunately South Africa has a lot of problems and the flooding in of foreigners will not be received with great diplomacy. no country in the world like foreigners to flood their country, and there's no nation in Africa that has suffered the rath of foreign encroachment like South Africa.

even the British mainly voted out of the EU because of immigration and foreign concerns. fix your country and stay off other people's countries and I promise you Nigeria will be more respected and better treated in the whole wide world, not just South Africa.

We need a Southexit, this is utter utter bull #shocked

Looting of Shops

the poor township is being burnt and crucial infrastructure is being vandalized

Protesters in South African Township, Attridgeville in Pretoria have burnt down Public Infrastructure, blocked roads, started fires, stoned vehicles and burnt down 19 buses, including a Shoprite Truck after looting it of all its goods. Foreign owned shops were not spared from the looting as protesters stormed their shops and looted them of all their stock including fixed assets such as fridges and freezers.

The protests started after the ruling African National Congress elected a Thoko Didiza as the mayoral candidate of the capital of South Africa for the August local Government elections.

Source: www.ewn.co.za

I am studying at the University of Kwa Zulu Natal in Durban, South Africa, My parents pay rent of R2500 for a room in a commune with shared facilities and they give me another R2500 for food which is about N35000

itsdumebi:
What Type Of Bag Is The Minister Of Sport, Solomon Dalung Carrying?

That kind of looks like a Hunting bag...or some Juju bag like that..What do you think?
http://dumebiifeanyi.com/kind-bag-minister-sport-carrying-photo/

Its a gay bag

MrAboki:
PDP will not like this.

Why if I may ask?

South Africa has been known as the continent’s second-largest economy since Nigeria rebased its gross domestic product (GDP) data in early 2014. However, the IMF World Economic Outlook (WEO) released in mid-April provided more sobering GDP statistics for South Africa. Not only did the multilateral organisation suggest that the South African economy would grow by a mere 0.6% this year, but also that the country is now only the third-largest economy on the continent behind Nigeria and new silver medalist Egypt.

Nigeria’s rebasing exercise some two years ago revealed that the oil-dependent economy was almost twice as big as previously thought. The country’s National Bureau of Statistics (NBS) ensured greater measurement of the informal sector, the inclusion of 46 industries from a previous 33, as well as methodological changes to measuring service sector activity with the rebasing. Backward adjustments to GDP indicated that Nigerian GDP in US dollar terms surpassed its South African equivalent in 2011. By the end of 2015, Nigeria’s GDP was measured at $490 billion compared to South Africa’s estimate of $313 billion.

South Africa recorded a decline in the US dollar value of its economy during 2012-15 because of slowing real growth (in local currency terms) as well as a depreciation in the value of the rand. The South African currency weakened from an average of R8.20/$ during 2012 to an average of R12.74/$ in 2015 – that is a depreciation of more than 50%. As a result, the nominal US dollar value of South Africa’s GDP declined by an average of almost 7% p.a. over the past four years.

In the meantime, Egypt’s nominal US dollar GDP expanded by an average of 7.5% p.a. during 2012-15. The Egyptian pound’s depreciation during 2012-15 was at a notably slower pace compared to that of the rand. Since early in 2011, the Central Bank of Egypt (CBE) has tightly managed the pound, resulting in a milder depreciation compared to the free-floating South African currency. This contributed to Egyptian GDP eclipsing its South African counterpart during 2015. Were it not for the rand’s slump, South Africa would not have surrendered its second place during 2015.

Looking ahead, the IMF WEO has not ventured any guesses as to the trajectory of Egypt’s GDP in US dollar terms from 2016 onwards. While the country’s local currency GDP is forecast by the multilateral organisation, there is significant uncertainty as to the short- and medium-term trajectory for the Egyptian pound. As a result, converting local currency GDP projections for Egypt to US dollar equivalents is rather challenging.

Business Monitor International (BMI) has, however, made some exchange rate assumptions and its data points to South Africa being unable to retake the continent’s second-place position anytime soon.

Admittedly, South Africa remains the continent’s most developed economy, and has a more diversified economic base than the Egyptian economy or the Nigerian economy. However, its fall from first and now second place amongst the continent’s giants is of great concern, especially as this development is largely attributed to weakness in the rand that, in turn, has largely been as a result of domestic issues.

JOHANNESBURG – President Jacob Zuma says he’s seen the evidence that load shedding is a thing of the past.

Zuma toured Eskom’s headquarters at Megawatt Park today.

He has attributed this to the good work from employees and decisions from government.

“This happened because we took very wise decisions when that problem was engulfing the country – and indeed the turnaround came. I promised them that I would be telling people all over the country ‘no more load shedding’.”

The presidency says Eskom’s told President Jacob Zuma that it’s managed to increase the ability of its power plants to produce electricity from a figure of 69.9percent last year, to over 76 percent by the end of April.

The power utility told President Zuma that it had managed to improve its plant performance significantly since August last year, and that’s why there’s been no load-shedding over the last nine months.

But Eskom is still trying to improve its plant availability to 80 percent.

That would allow ten percent of its power producing capacity to be out of action for planned maintenance, and another ten percent to be out for unplanned maintenance over the medium term.

Zuma told Eskom he was happy with the improvements that have been made.

South Africa currently produces over 45000 MW of power, with 2 new power stations, Medupi and Kusile, nearing completion. These will each add 5000 MW each to the power grid, bringing total production to 55000 MW by 2018



Haba, after reading reactions, I realised that we Nigerians are not the only ones who hate our leaders with a passion... Anyways Sai Baba til we get der

Chai, Na MTN nid to payup dey fine oo

No south African city including Cape Town or Johannesburg

In 1984, a young woman working in a Durban hotel is forced to give up her daughter to a visiting American couple, hoping that they’ll be able to provide a better life for her. The daughter grows up to become…Beyonce.

The woman now wants Beyonce, whose real name is Busisiwe according to her, to be reunited with her so that the she can learn more about her heritage.
The lady insists that she does not want Beyonces money.


https://www.youtube.com/watch?v=KNj7wJg8knw


<object width="475" height="381"><param value="http://www.youtube.com/v/&showsearch=0&rel=0&fs=1&autoplay=0&amp;ap=%2526fmt%3D18" name="movie" /><param value="window" name="wmode" /><param value="true" name="allowFullScreen" /><embed width="475" height="381" wmode="window" allowfullscreen="true" type="application/x-shockwave-flash" src="http://www.youtube.com/v/&showsearch=0&fs=1&rel=0&autoplay=0&amp;ap=%2526fmt%3D18"></embed></object><br /><a href="http://www.youtube.com/watch?v=" target="_blank">View on YouTube</a>

In 1984, a young woman working in a Durban hotel is forced to give up her daughter to a visiting American couple, hoping that they’ll be able to provide a better life for her. The daughter grows up to become…Beyonce.

The woman now wants Beyonce, whose real name is Busisiwe according to her, to be reunited with her so that the she can learn more about her heritage.
The lady insists that she does not want Beyonces money.

Check out link below

"
https://www.youtube.com/watch?v=KNj7wJg8knw"

Chai..... Diaris Godooo

Promised help by the church has yet to materialise – after almost 18 months.

Almost 18 months after a building collapse at the church of self-proclaimed prophet TB Joshua in Lagos, Nigeria, left 116 dead and scores injured, a young South African survivor has given up hope of receiving aid.

Vusi Makwele, 27, said he last heard from a Synagogue Church of All Nations (Scoan) representative in October 2014. That was shortly after he returned to South Africa following the tragedy. The church had allegedly promised to help him following his injuries.

Makwele, a human resource honours graduate at the time of his visit to the Scoan in September 2014, said he had gone to the church to change his life. “In that plane, all I was thinking of was my family,” said Makwele.

“I wanted to pray for their problems to go away. But things turned ugly. The trip changed my whole life.” Two days later, Makwele’s life changed forever when a six storey guest house at the church collapsed. Of the close to 120 people who lost their lives, more than 80 were South Africans.

Speculation was rife that the building did not meet construction standards and families of the victims and deceased wanted the popular televangelist to be held accountable. Makwele, who previously worked in a sales department at a retail store, said the tragedy nearly robbed him of his dreams.

“With the job that I had, I was able to pay my bills,” he said. “I was able to support my family. But now, I’m part of the unemployment statistics.” Makwele said of the fateful day: “It was really traumatising, it still is.” He said he did not know how he survived because his injuries were very severe.

“I lost a lot of blood on that day. I’m still scared of storey structures.” He was in hospital for three days in Nigeria, but said he had to pretend to be fine, “just to get out of that city and come home”.

But little did he know how different it would be. Makwele said he had to use crutches to get around. “I could not even walk and as a result, failed to perform my duties at work. I had to be released from my job.”

He refused to go for counselling because he was still confused and in shock, but feels that traumatic incident “messed up” his mind. Makwele says after losing his job, he never received anything from the church.

Church’s response:

Kirsten Nematandani, Scoan representative in South Africa, told The Citizen at the time of the collapse that the church focused more on those who lost their lives. “We only focused on ensuring that processes of the funerals were dealt with.”
The families of the deceased each received R50 000.
However, it is understood that people who were severely injured were given more money than the families of those who lost their lives.


Source:http://citizen.co.za/1074009/tb-joshua-has-left-me-high-dry/

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