South Africa Faces Economic Strain As 482 Businesses Close In Four Months - Politics (2)

South Africa Faces Economic Strain As 482 Businesses Close In Four Months - Politics (2) - Nairaland

Nairaland Forum › Nairaland General › Politics › South Africa Faces Economic Strain As 482 Businesses Close In Four Months (8780 Views)

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Re: South Africa Faces Economic Strain As 482 Businesses Close In Four Months by nairalanda1(m): 10:08am On Jun 03, 2025

Problem with South Africa is how to build an equitable society.

Arphateid South Africa was a well developed, probably second world country, with a large black underclass. And either way you look at it, that boded trobule for the future. Prosperous minority with poor majority....yeah the kind of story that revolutions like the French revolution are made of, and complicated by the added issue of race.

ANC campaigned on equity. It's the essence of Mandela's famous speech before his sentence. The problem is, if you want that kind of society, you got to make sure the society is making enough money first before you implement the reforms...and the only way is by industrialization

And SA had some issues (bantu education, closure off of some jobs to blacks , etc). ANC took over, and then black majority is looking to them to do something. And they ended up doing what most African countries did....mass welfare programmes, based on revenue from resources. Today, SA is a resource dependent country.

The ANC, even the white minority government could have industrialized. But industrial development of the type that makes one a global exporter...takes time. It took Japan time, and for the first 50-60 years after the Meiji restoration, millions of Japanese people japaed....today there are Japanese people in many parts of the world...who are not Japanese citizens. China too the same issue... as South Korea....it takes time. No way ANC will tell poor South Africans that 'we gonna industrialize and make the economy attractive to foreign investment'...it's a nice way of saying 'suffer a little more for some time'.

And here we are with another resource dependent economy, where the resources are too limited to cater for everyone. UP cometh Malema.

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Re: South Africa Faces Economic Strain As 482 Businesses Close In Four Months by baralatie(m): 10:10am On Jun 03, 2025

Orissodiq:
Na because of white /black conflict.
U don't know d number of white South African that have relocated to USA within last year and now? Directly or indirectly dia business will close and lead to unemployment

Re: South Africa Faces Economic Strain As 482 Businesses Close In Four Months by baralatie(m): 10:13am On Jun 03, 2025

Effect of placing yourself in a trade war that you should not be involved in

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Re: South Africa Faces Economic Strain As 482 Businesses Close In Four Months by SouthSouth1914: 10:17am On Jun 03, 2025

Watianoengineer:
This is why we should thank president Bola Tinubu for his bold reforms. South Africans are enjoying subsidy but businesses are closing down. No more subsidy in nigeria and the economy is growing rapidly. May God bless president Bola Tinubu and give him strength to fulfill his renewed hope agenda. Amen

In what sense? South Africans are living more meaningful lives than Nigerians. Aside that, thousands of companies have closed down in Nigeria, especially big ones!

I don’t see any reason to politicize this news, when in reality you cannot compare Nigeria to South Africa in anything!

Re: South Africa Faces Economic Strain As 482 Businesses Close In Four Months by Didijiji: 10:24am On Jun 03, 2025

Tinubu kind of president

happy to see businessess close by their actions

Re: South Africa Faces Economic Strain As 482 Businesses Close In Four Months by iconicceo: 10:25am On Jun 03, 2025

Watianoengineer:
This is why we should thank president Bola Tinubu for his bold reforms. South Africans are enjoying subsidy but businesses are closing down. No more subsidy in nigeria and the economy is growing rapidly. May God bless president Bola Tinubu and give him strength to fulfill his renewed hope agenda. Amen

Are businesses not closing down in Nigeria? Wei gymmi paa kwasia boy!

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Re: South Africa Faces Economic Strain As 482 Businesses Close In Four Months by MichaelTokunboh(m): 10:31am On Jun 03, 2025

Dumbo
It is "feast" not fist
Celebrate your druggie failure & leave out those who are not sheep 🐑 for corn 🌽

fmlala:
That is South Africa, Some people wish it was Nigeria so they can have something to fist on.

God bless Nigeria!

Nigeria will move forward!!

Re: South Africa Faces Economic Strain As 482 Businesses Close In Four Months by Osanoghodua1: 10:32am On Jun 03, 2025

osuofia2:
The White are the back bone of SA, Zimbabwe is a case study

God bless you, if the white had been here till now, this nation won't have suffered.

Re: South Africa Faces Economic Strain As 482 Businesses Close In Four Months by Daddyk87(m): 10:33am On Jun 03, 2025

Bitter Nigerians will still diffend SA.
But will quickly celebrate bad news if it is Nigeria

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Re: South Africa Faces Economic Strain As 482 Businesses Close In Four Months by amazingspiderma: 10:35am On Jun 03, 2025

BeginsAtHome:
God help the 🌈 nation for Mandela's sake

God doesn't do economics.

It is a man's job.

Re: South Africa Faces Economic Strain As 482 Businesses Close In Four Months by DrWokili: 10:36am On Jun 03, 2025

Show me an African country ruled by a black man who has developed to be a respectable and revered voice in the Committee of Nations and whose citizens enjoy dividends of good governance hinged on the rule of law, equity, justice, and accountability. No one, to the best of my knowledge! We are quick to blame the colonial masters to shift attention from our faults, inadequacies, greed, and distortive selfishness. South Africa is treading the ignoble path of Nigeria, sliding into the chaos of poverty from the realm of abundance, thanks to the disingenuous rule of wrong Africans!

Re: South Africa Faces Economic Strain As 482 Businesses Close In Four Months by Ironfaceman(op): 10:38am On Jun 03, 2025

Just pray about it.

free2ryhme:
what shld we do about it

Re: South Africa Faces Economic Strain As 482 Businesses Close In Four Months by free2ryhme: 10:39am On Jun 03, 2025

Ironfaceman:
Just pray about it.

which one have you prayed for

Re: South Africa Faces Economic Strain As 482 Businesses Close In Four Months by Ironfaceman(op): 10:40am On Jun 03, 2025

400 businesses in 4 months is a tornado, black South Africans will suffer.

Emmy000seun:
Make people no come dey compare this to Nigeria situation ooo,... because our case is different..😂😂..na politicians scammers no let us enjoy 4 our naija...

Re: South Africa Faces Economic Strain As 482 Businesses Close In Four Months by NewHe: 10:41am On Jun 03, 2025

That's to say, no be only Nigeria dey face, am!

Re: South Africa Faces Economic Strain As 482 Businesses Close In Four Months by chidiokay: 10:41am On Jun 03, 2025

Watianoengineer:
This is why we should thank president Bola Tinubu for his bold reforms. South Africans are enjoying subsidy but businesses are closing down. No more subsidy in nigeria and the economy is growing rapidly. May God bless president Bola Tinubu and give him strength to fulfill his renewed hope agenda. Amen

I knew we will find guyz like this here, that will cease this opportunity to justify the ill performance of Tinubu.

Ask them despite the shut down what is south africa net export compared to Nigeria.
Are bandits and herdsmen killing S.A people on a daily

A $ to rand is 17.86 zar in a country minimum wage is R28.79 per hour .. and some mofos in Nig. is telling me to be grateful Tinubu made $1/1500 ..

By standard of minimum wage Nigerians make a little over 1500 per day ..

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Re: South Africa Faces Economic Strain As 482 Businesses Close In Four Months by Chucks13: 10:42am On Jun 03, 2025

Seriously I don't care if even the entire business small and big in South Africa shut down its none of my business.

I told them long ago when they chose xenophobism as employment I said a day will come chicken will go to the market and never return so since they think they have it all things can change and where or who will they turn to then? Nobody, and they wlil be left in the wilderness of confusion and that is what is going to happen to them.

Truth is bitter but truth is truth every thing you do to your fellow human to dehumanised him.or her the nemesis will surely bounce back on you in different way one good day.

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Re: South Africa Faces Economic Strain As 482 Businesses Close In Four Months by Gboom: 10:48am On Jun 03, 2025

anonimi:
Is this what ebilokan promised before he was given the job of president

At your age and experience, you think a politician can revive a window dressed economy that is operative in Nigeria for donkey years in two years

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Re: South Africa Faces Economic Strain As 482 Businesses Close In Four Months by victorazyvictor(m): 10:51am On Jun 03, 2025

This just the beginning.
Those guys will be enslaved again.

Re: South Africa Faces Economic Strain As 482 Businesses Close In Four Months by Tareq1105: 11:05am On Jun 03, 2025

Orissodiq:
Na because of white /black conflict.
U don't know d number of white South African that have relocated to USA within last year and now? Directly or indirectly dia business will close and lead to unemployment

Do we have white Nigerians here? The whites left at independence in 1960 so we don't have white Nigerians. No doubt the whites have helped south Africa economy but we're not that lucky.

Re: South Africa Faces Economic Strain As 482 Businesses Close In Four Months by anonimi: 11:16am On Jun 03, 2025

Gboom:
At your age and experience, you think a politician can revive a window dressed economy that is operative in Nigeria for donkey years in two years

With your age and experience, you expect Aṣiwaju ọmọlúwàbís to say something that he doesn’t want to do?

Why do you want him to fall in doing what he promised? Are you a man of your own words, with plenty of integrity? Or you just have IntegriThief huh

Deltafirstson:
Although the pump price of fuel was N197 when President Bola Tinubu took over on May 29, 2023, the product now sells for N617 per litre – less than two months after.

In his inaugural address, Tinubu announced that subsidy was gone, fulfilling a promise that all leading presidential candidates made during the campaign.

However, pump price of fuel hit N537 per litre days after Tinubu ended subsidy.

On Tuesday, the price climbed further to N617, a development that the Nigerian National Petroleum Corporation Limited (NNPCL) attributed to “market forces”.

Nigerians have been lamenting the hardship occasioned by fuel price hike. Amid the lamentation, a video where Tinubu campaigned to slash the price of fuel went into circulation.

Checks by Daily Trust affirmed the authenticity of the video uploaded on the YouTube page of Channels Television.

At his campaign rally in Abeokuta, Ogun State capital, on January 25, 2023, Tinubu spoke on a number of issues, but those of fuel scarcity and naira redesign made the headlines.

However, Tinubu who spoke in Yoruba language, also assured the crowd that though people were saying petrol price would hit N200, it would be reviewed downward under him.

“The great Nigerian youths, the great Nigerian students, the confident Nigerian youths. This is a revolution. This election is a revolution. They are plotting, but they will fail. They said fuel price will increase and reach N200 per litre. Go and relax, we will bring it down,” he had said in the 7th minute of the video.

King Wasiu Ayinde Marshall, a Fuji musician who performed at the rally, interrupted the president’s speech with chants as the crowd cheered.

On the campaign podium with the president were Vice-President Kashim Shettima; Pa Bisi Akande, interim National Chairman of the APC; Femi Gbajabiamila, Chief of Staff to the President; Senator Gbenga Daniel; among other bigwigs of the ruling party.

Tinubu went further to say Nigerians would defy the acute fuel scarcity at the time and trek to cast their votes.

“The great Nigerian youths, the great Nigerian students, the confident Nigerian youths. This is a revolution. This election is a revolution. They are plotting, but they will fail. They said fuel price will increase and reach N200/N500 per litre. Go and relax, we will crash the prices,” he had said.

https://dailytrust.com/breaking-video-of-tinubu-campaigning-to-crash-fuel-

he had said in the 7th minute of the video.

https://www.youtube.com/watch?v=4JH8CC_JdUA

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Re: South Africa Faces Economic Strain As 482 Businesses Close In Four Months by ufotunang: 11:36am On Jun 03, 2025

Watianoengineer:
This is why we should thank president Bola Tinubu for his bold reforms. South Africans are enjoying subsidy but businesses are closing down. No more subsidy in nigeria and the economy is growing rapidly. May God bless president Bola Tinubu and give him strength to fulfill his renewed hope agenda. Amen

.. Tinubu and his harsh economic reforms that have destroyed the economy and country ..and put Nigerians in poverty, hunger, hardship, inflation, high costs of living, high rate of unemployment, insecurity... exchange rate which was 400 naira to a dollar 2 years ago is now 1,620 naira to a dollar in this Tinubu renewed shege hard economy ..

Re: South Africa Faces Economic Strain As 482 Businesses Close In Four Months by IPDGP: 11:55am On Jun 03, 2025

crossfm:
Hehehe.

APC boys food don land o .

They will so use this news to defend their masters failure .

They love using negative news from other countries to do comparison,but ask them to use the positive news and see them giving you excuses .

Same way you Obi supporters compare other countries with nigeria.
Na only bad news about nigeria dey sweet you

Re: South Africa Faces Economic Strain As 482 Businesses Close In Four Months by muyico(m): 12:16pm On Jun 03, 2025

Can u see?? Not only Nigeria affected, is a world wide issue

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Re: South Africa Faces Economic Strain As 482 Businesses Close In Four Months by Commentor: 12:31pm On Jun 03, 2025

Orissodiq:
Na because of white /black conflict.
U don't know d number of white South African that have relocated to USA within last year and now? Directly or indirectly dia business will close and lead to unemployment

How many?

You guys just swallow Trump's propaganda.

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Re: South Africa Faces Economic Strain As 482 Businesses Close In Four Months by Gboom: 12:57pm On Jun 03, 2025

anonimi:
With your age and experience, you expect Aṣiwaju ọmọlúwàbís to say something that he doesn’t want to do?

Why do you want him to fall in doing what he promised? Are you a man of your own words, with plenty of integrity? Or you just have IntegriThief

You as an aggrieved politician, have you ever fulfilled all the promises you ever made in your live?
Do you want to tell me you don't know most of those politicians promises are just words of inducement for instance, vision 2000,2010 and 2020 has never come to reality till today.
The bottom-line is you just hated Asiwaju with perfect hatred no matter what he achieves he will never be in your good books

1 Like

Re: South Africa Faces Economic Strain As 482 Businesses Close In Four Months by Lioness5280(f): 1:18pm On Jun 03, 2025

Orissodiq:
Na because of white /black conflict.
U don't know d number of white South African that have relocated to USA within last year and now? Directly or indirectly dia business will close and lead to unemployment

Wtf

A typical Nigerian genius spotted grin

Re: South Africa Faces Economic Strain As 482 Businesses Close In Four Months by lucianohase(m): 1:19pm On Jun 03, 2025

Watianoengineer:
This is why we should thank president Bola Tinubu for his bold reforms. South Africans are enjoying subsidy but businesses are closing down. No more subsidy in nigeria and the economy is growing rapidly. May God bless president Bola Tinubu and give him strength to fulfill his renewed hope agenda. Amen

How does it affect the common man presently? Bro things are very expensive, many things that used to be affordable to the common man are out of reach. Besides, economic growth that negatively impacts on the populace except the thieving politicians is not economic growth.

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