Henry240:


Your defence force is filled up with half-illiterate Zulus, who have no business being close to any military base.


The bloody fool claims Submarines sail in Rivers.


You think Nigerians are like the illiterate blacks you meet in everyday South-Africa?

Isn't it ironic that your Government is begging our half illiterate defence force to save you from Boko Harm?

jln115:

Isn't it ironic that your Government is begging our half illiterate defence force to save you from Boko Harm?

This is what my government thinks about South-Africa



Olalekan Adetayo, Abuja


[b]President Muhammadu Buhari on Tuesday spoke publicly
for the first time on the $5.2bn fine imposed on MTN Group
by the Nigerian Communications Commission, saying the
concern of his government is not about the penalty but on
the security implication of the telecommunication firm’s
inaction.
The firm was sanctioned by the regulatory agency for failing
to register some SIM cards.
Buhari spoke while answering a question during a joint
press conference he addressed alongside visiting South
African President, Jacob Zuma, at the Presidential Villa,
Abuja.
He said because members of the Boko Haram sect were
using unregistered SIM cards, MTN contributed to the
casualties recorded by the sect because of its inaction.
He said that was why his government left the NCC and
security agencies to handle the matter in their own way.
The President added that unfortunately for the
telecommunication firm, rather than negotiating payment, it
dragged the Federal Government to court.
He said the country’s constitution stipulates that no further
action should be taken on any issue that is a subject of
litigation.
Buhari said now that MTN had decided to withdraw the case
from court, it is free to go back to the relevant government
agencies to see if the fine can be reduced and paid in
installments.[/b]

Details later..

jln115:

Dude I was using those companies as an example.....There are over a 100 South African companies operating in Nigeria, employing thousands of your citizens and contributing millions to your FDI.

Kick all of them out you'll ruin investor confidence and thus ruin your already fragile economy.

No developing country can survive without foreign investment.

Nigeria is an attractive market. There are thousands of multinational companies doing business in Nigeria and millions of homegrown companies also profiting from the attractiveness of the market.


A couple or all South-African companies leaving won't dent the market. The market is too developed, there are safety nets in huge Nigerian companies that would absorb the shock. South-African companies are irrelevant in Nigeria.


Keep them all out, Glo with 30 million subscribers would be happy to take them in, kick Shoprite with 11 paltry stores and Everyday, Silverbird and Genesis groups are already 100 times more profitable, kick out DSTV, Consat, CTL would swallow up the subscribers.


The Nigerian economy is $524 billion strong, you'll need a lot more than a paltry 100 companies to shake us.


FDI is a myth you retarrd. Those who contribute to growth are the indigenous companies who have there roots, infrastructure, money invested and all domiciled in the economy.


Not some shadowy investor who can pull out his money at anytime and move elsewhere. Don't push your luck boy!

jln115:

Actually im not studying economics!! but what I can tell you is when a country is receiving more Remittances than FDI its actually a fvcking bad thing.

"FDI isn't a significant engine for growth. It is only part off
that growth. Remittances alone more than triple the
amount of FDI many African countries receive each year." The actual figure is between 120 billion - 160 billion a year.

m.mgafrica.com/article/2015-05-29-remittance-in-africa-where-does-it-go


And this is the figure for India

blogs.wsj.com/indiarealtime/2015/04/15/india-wins-the-remittance-race-again/



Understand what you're intending to reply, before replying, you fool!

jln115:

kick them out, and see how thousands of your folk go jobless thanks to no SASOL, DSTV,Shopright, MTN ect ect.......also lets not forget the millions lost in FDI!!

What is SASOL?

jln115:

Isn't it ironic that your Government is begging our half illiterate defence force to save you from Boko Harm?

Who is begging your government to help US with boKo haram? Book haram has been defeated. South Africa that couldn't stay in Sudan now want to fight book haram after the war as ended. We believe the media made some errors and am sure you will soon hear the facts from Nigerian military spokesman.

Hahahahaha...... Zuma was practically on his knees begging for MTN to be pardoned...... SA.... Even your president acknowledged the fact that Without Nigeria there would hv been No Southafrica.... so my advice to all Southafrican citizens is for them to get a LIFE now and stop living in a world of fantasies.... ROFL... HAHAHA

See jacob Zuma face when BUHARI told him the gravity of MTN offence.... I am sure his Blood pressure at this time was pretty high.... #GetAlifeNow

Henry240:


"FDI isn't a significant engine for growth. It is only part off
that growth. Remittances alone more than triple the
amount of FDI many African countries receive each year." The actual figure is between 120 billion - 160 billion a year.

m.mgafrica.com/article/2015-05-29-remittance-in-africa-where-does-it-go


And this is the figure for India

blogs.wsj.com/indiarealtime/2015/04/15/india-wins-the-remittance-race-again/



Understand what you're intending to reply, before replying, you fool!

Wow buddy!! So choosing 1 outlier is the base of your argument? besides India still has a FDI of over 60 billion USD which is almost equal to its remittance figure.

Henry240:


Nigeria is an attractive market. There are thousands of multinational companies doing business in Nigeria and millions of homegrown companies also profiting from the attractiveness of the market.


A couple or all South-African companies leaving won't dent the market. The market is too developed, there are safety nets in huge Nigerian companies that would absorb the shock. South-African companies are irrelevant in Nigeria.


Keep them all out, Glo with 30 million subscribers would be happy to take them in, kick Shoprite with 11 paltry stores and Everyday, Silverbird and Genesis groups are already 100 times more profitable, kick out DSTV, Consat, CTL would swallow up the subscribers.


The Nigerian economy is $524 billion strong, you'll need a lot more than a paltry 100 companies to shake us.


FDI is a myth you retarrd. Those who contribute to growth are the indigenous companies who have there roots, infrastructure, money invested and all domiciled in the economy.


Not some shadowy investor who can pull out his money at anytime and move elsewhere. Don't push your luck boy!

Go ahead my friend, kick out all South African companies, see what happens to investor confidence!!!

Iblawi1:

Who is begging your government to help US with boKo haram? Book haram has been defeated. South Africa that couldn't stay in Sudan now want to fight book haram after the war as ended. We believe the media made some errors and am sure you will soon hear the facts from Nigerian military spokesman.

"South Africa will send its special forces to assist Nigeria in the war against Boko Haram insurgency.

This was revealed on Monday by the Minister of Defence, Mansur Dan Ali, during a meeting with his South African counterpart, Nobise Mapisa-Nqakula, in Abuja.

The Minister stated that discussions on the deployment of South Africa’s special forces had reached an advanced stage and the arrangement would soon be concluded.

“It is a very good thing that we are thinking that South Africa being our close ally should come and help us in developing our industrial complex, that is the Defence Industry Corporation of Nigeria.”

“We are of the opinion that very soon, when the two Commanders-in-Chief meet, and the visit is finalised, we will look into going deep on how the two countries will work together and come to an agreement on the MoU and technical expertise between the two countries.”

Henry240:


This is what my government thinks about South-Africa



Olalekan Adetayo, Abuja


[b]President Muhammadu Buhari on Tuesday spoke publicly
for the first time on the $5.2bn fine imposed on MTN Group
by the Nigerian Communications Commission, saying the
concern of his government is not about the penalty but on
the security implication of the telecommunication firm’s
inaction.
The firm was sanctioned by the regulatory agency for failing
to register some SIM cards.
Buhari spoke while answering a question during a joint
press conference he addressed alongside visiting South
African President, Jacob Zuma, at the Presidential Villa,
Abuja.
He said because members of the Boko Haram sect were
using unregistered SIM cards, MTN contributed to the
casualties recorded by the sect because of its inaction.
He said that was why his government left the NCC and
security agencies to handle the matter in their own way.
The President added that unfortunately for the
telecommunication firm, rather than negotiating payment, it
dragged the Federal Government to court.
He said the country’s constitution stipulates that no further
action should be taken on any issue that is a subject of
litigation.
Buhari said now that MTN had decided to withdraw the case
from court, it is free to go back to the relevant government
agencies to see if the fine can be reduced and paid in
installments.[/b]

Details later..

"South Africa will send its special forces to assist Nigeria in the war against Boko Haram insurgency.

This was revealed on Monday by the Minister of Defence, Mansur Dan Ali, during a meeting with his South African counterpart, Nobise Mapisa-Nqakula, in Abuja.

The Minister stated that discussions on the deployment of South Africa’s special forces had reached an advanced stage and the arrangement would soon be concluded.

“It is a very good thing that we are thinking that South Africa being our close ally should come and help us in developing our industrial complex, that is the Defence Industry Corporation of Nigeria.”

“We are of the opinion that very soon, when the two Commanders-in-Chief meet, and the visit is finalised, we will look into going deep on how the two countries will work together and come to an agreement on the MoU and technical expertise between the two countries.”

We will refund Nigeria’s confiscated funds – Zuma


The South African President, Jacob Zuma has said that his government will ensure that the monies confiscated by South African government during the administration of former President Goodluck Jonathan are returned to Nigeria.

The South African leader made this known on Tuesday while addressing journalists after the bilateral talks with President Muhammadu Buhari at the Presidential Villa, Abuja.

According to him, the Nigerian and South African governments have joined efforts on the matter and that the relevant structures were already recovering some of the loot.

Similarly, Zuma told Journalists that investigations were ongoing to ensure that anything that was illegally taken to South Africa would be returned.

When asked about the issue of xenophobia, Zuma described it as unfortunate, promising to address it once and for all.

jln115:

Wow buddy!! So choosing 1 outlier is the base of your argument? besides India still has a FDI of over 60 billion USD which is almost equal to its remittance figure.

Nope, it's common knowledge, except you're too stup1d to assimilate what i've been telling you.


Again, you need to understand what you're replying to. Local investors would always remain loyal, remittances would always come, foreign investors would leave as soon as there is slight volatility in the markets, you don't depend on FDI only city states like Singapore depend on FDI you brainless fool!

jln115:

Go ahead my friend, kick out all South African companies, see what happens to investor confidence!!!

Nigeria is a free market, we fined you $5.2 billion, yet your company still stayed, shows what hopeless losers you are.


They(South-African companies) can leave, no one would feel it. Investors would still invest, they didn't flee when we nationalised B.P, they surely won't leave if we nationalise a couple insignificant companies from South-Efrica.

excerpts of zuma's speech
Your Excellencies

This year marks the 40th Anniversary of the passing of one of the illustrious sons of Nigeria and Africa, General Murtala Mohammed. His tenure only lasted 200 days but it had a profound impact, particularly on the struggle against apartheid and colonialism in Southern Africa.

Nigeria supported the liberation struggles of the people of Southern Africa and South Africa specifically outside of the multilateral fora.

In his powerful speech to the OAU Extraordinary Summit on Angola in 1976, General Mohammed opened his address by saying and I quote:

“Mr Chairman, when I contemplate the evils of apartheid, my heart bleeds and I am sure the heart of every true blooded African bleeds.’

In conclusion General Mohammed said:

“Africa has come of age.” and will “no longer accept dictates from any so-called superpower.”

It was within this context that General Murtala Mohammed, immediately after the situation in Angola was explained to him, withdrew Nigeria’s support of the OAU position calling for a Government of National Unity between the FNLA of Holden Roberto, UNITA of Jonas Savimbi and the MPLA of Augostinho Neto.

He took a firm decision for Nigeria to support the MPLA, which resonated with the position of many liberation movements in Southern Africa, including our own – the African National Congress.

It is thus clear that ours are time-tested relations. Engagements between our countries far predate the formal relations established after South Africa attained its freedom.

The people of Nigeria provided unwavering support and solidarity to the people of South Africa, to unseat the last bastion of colonialism in Africa and enable us to attain our freedom.

I would like to remind especially the youth in our two countries, of the role that Nigeria played in the struggle for liberation in South Africa.

Nigeria was very instrumental in establishing, in the 1960s and the chairing, for 25 years, the United Nations Special Committee Against Apartheid, and further hosted a UN anti-apartheid conference in 1977.

From the mid-70s, Nigeria and its people also hosted some of the exiled freedom fighters from South Africa, with numbers increasing after the Soweto Student Uprising in 1976.

By coïncidence or design, this year we also commemorate the 40th anniversary of the Soweto Students Uprising in June 1976.

jln115:


"South Africa will send its special forces to assist Nigeria in the war against Boko Haram insurgency.

This was revealed on Monday by the Minister of Defence, Mansur Dan Ali, during a meeting with his South African counterpart, Nobise Mapisa-Nqakula, in Abuja.

The Minister stated that discussions on the deployment of South Africa’s special forces had reached an advanced stage and the arrangement would soon be concluded.

“It is a very good thing that we are thinking that South Africa being our close ally should come and help us in developing our industrial complex, that is the Defence Industry Corporation of Nigeria.”

“We are of the opinion that very soon, when the two Commanders-in-Chief meet, and the visit is finalised, we will look into going deep on how the two countries will work together and come to an agreement on the MoU and technical expertise between the two countries.”

Fool, you are quoting sensational news media report as usual.

Last year we were told SANDF will deploy to Nigeria and fight Boko Haram, we saw nothing from SANDF, not even one soldier. Same last year we were told SAN will deploy Valour ships to patrol gulf of guinea and fight piracy in West Africa, we did not even see one SAN canoe.

SANDF that is overstretched and withdrawing from Dafur Sudan, now you fools think you are going to fight Boko Haram. Your SANDF special forces that are failing to protect your homeland from invading poachers robbing yöur Rhino resources for a decade unstoppable, now you want to fight in a strange land against sleek terrorists.

The official story from Nigerian government NTA news medium says NOTHING about SANDF SF fighting Boko Haram.....

General Shoke said Nigeria is very important to South Africa, hence the need of working together for the benefit of both countries especially now when Nigeria is fighting Boko Haram. He his Armed Forces commitment to the development of the Nigerian military in the area of capacity building, exchange programme and logistics support, among others. Nigerian army General Olonisakin said Boko Haram has been substantially decimated and degraded. He said the war against terror is closing up and would soon end.


http://www.nta.ng/news/diplomacy/2016/03/07/south-africa-to-work-with-nigerian-military/

I guess you don't know the meaning of working together for the benefit of both countries and military exchange programmes. You think it means your army is deploying to fight in Nigeria even when Buhari said no foreign army will fire one bullet in Nigeria.

The Nigerian army general said Boko Haram is heavily degraded and decimated and that the war is closing up to end soon....so which enemy is SANDF coming to fight? The already dead Boko Haram?

Soweto fools with zero battle experience wants to help a country that has over 5,000 well equipped special forces trained by Israel, Pakistan, USA, UK, and Belarus plus 6 years non-stop combat experience . What do you inexperienced sit at home SANDF have to offer? Textbook or internet photo combat?

Military exchange programme, while Nigerian officers share 6 years of current COIN war experience with SANDF, what will SANDF officers share in return, THIZA's Hollywood photos? Tell you fact, SANDF is stylishly coming to learn how Nigeria defeated Boko Haram under the guise of training exchange programme. When did an SANDF, I don't mean old SADF, I mean current SANDF, when did an SANDF tank battalion fire tank shell to kill an enemy? When did current SANDF special forces ever did surgical strike by squad insertion deep inside enemy stronghold and assasinate a key leader of hostile forces inside his own stronghold?


SANDF, your useless army that gets robbed and disposessed of rifles and ammunition by civilian theives armed with kitchen knives, and gets tied up with their own army boots laces not even real ropes.....that is the army you think Nigeria will invite to help them fight Boko Haram? Fools Journalists fool you because you are born fools
.

outh African President, Jacob Zuma, on Tuesday acknowledged that Nigeria and Nigerians indeed sacrificed for his countrymen to be freed of the clutches of apartheid. He said particularly remarkable was a point in the history of the liberation struggles in South Africa when Nigerian civil servants voluntarily contributed part of their monthly salaries to the struggles. Zuma, who spoke in Abuja as he addressed a joint session of the National Assembly, noted that the price Nigeria paid for the freedom of his country was not lost on his people. He also recalled how in 1976, Nigeria established the South African Relief Fund to support his country’s students in the biting days of apartheid. Zuma is on an official visit to Nigeria on the invitation of President Muhammadu Buhari. The Nigerian President had accompanied his guest to the National Assembly where the latter delivered his address. Buhari did not utter a word at the session beyond exchanging pleasantries with the President of the Senate, Bukola Saraki, and the Speaker of the House of Representatives, Mr. Yakubu Dogara. Zuma said he was in Nigeria to discuss how both countries could strengthen their existing bi-lateral relations and open new avenues for partnership. The visit came at a time of frequent frictions between Nigerians living in South Africa and their South African locals, usually triggered by the xenophobia. He acknowledged that South African business concerns had increased their presence in Nigeria to “more than 120”, up from just four in 1994. Zuma stated that, as the two leading economies in Africa, Nigeria and South Africa could partner to improve the lot of the continent and free its people from the economic pressures coming from outside its territories. He cited electricity generation, agriculture, aviation and solid minerals as among a whole lot of areas that the two could partner for further economic improvement. “South-South and Inter-Africa cooperation is a way of repositioning our current economic challenges in Africa”, he added. Zuma offered that South Africa could assist Nigeria in its bid to diversify the economy by bringing South African expertise in mining into the country’s solid minerals’ sector. He also said the two countries must be sensitive to new technological and industrial advancement in parts of the world to “develop Africa’s economy.”

abeg no be me talk am o.....na punch

lekkie073:
outh African President, Jacob Zuma, on Tuesday
acknowledged that Nigeria and Nigerians indeed
sacrificed for his countrymen to be freed of the
clutches of apartheid.
He said particularly remarkable was a point in the
history of the liberation struggles in South Africa
when Nigerian civil servants voluntarily contributed
part of their monthly salaries to the struggles.
Zuma, who spoke in Abuja as he addressed a joint
session of the National Assembly, noted that the
price Nigeria paid for the freedom of his country
was not lost on his people.
He also recalled how in 1976, Nigeria established
the South African Relief Fund to support his
country’s students in the biting days of apartheid.
Zuma is on an official visit to Nigeria on the
invitation of President Muhammadu Buhari.
The Nigerian President had accompanied his guest
to the National Assembly where the latter
delivered his address.
Buhari did not utter a word at the session beyond
exchanging pleasantries with the President of the
Senate, Bukola Saraki, and the Speaker of the
House of Representatives, Mr. Yakubu Dogara.
Zuma said he was in Nigeria to discuss how both
countries could strengthen their existing bi-lateral
relations and open new avenues for partnership.
The visit came at a time of frequent frictions
between Nigerians living in South Africa and their
South African locals, usually triggered by the
xenophobia.
He acknowledged that South African business
concerns had increased their presence in Nigeria
to “more than 120”, up from just four in 1994.
Zuma stated that, as the two leading economies
in Africa, Nigeria and South Africa could partner
to improve the lot of the continent and free its
people from the economic pressures coming from
outside its territories.
He cited electricity generation, agriculture,
aviation and solid minerals as among a whole lot
of areas that the two could partner for further
economic improvement.
“South-South and Inter-Africa cooperation is a
way of repositioning our current economic
challenges in Africa”, he added.
Zuma offered that South Africa could assist
Nigeria in its bid to diversify the economy by
bringing South African expertise in mining into the
country’s solid minerals’ sector.
He also said the two countries must be sensitive
to new technological and industrial advancement in
parts of the world to “develop Africa’s economy.”


abeg no be me talk am o.....na punch

Zuma is a diplomat. He'll say what needs to be said in order to keep making money out of Nigeria. South Africans and the Chinese know the the best way to milk a Nigerian is to stroke his ego.

Henry240:


Nigeria is a free market, we fined you $5.2 billion, yet your company still stayed, shows what hopeless losers you are.


They(South-African companies) can leave, no one would feel it. Investors would still invest, they didn't flee when we nationalised B.P, they surely won't leave if we nationalise a couple insignificant companies from South-Efrica.

Has the fine been paid? No. Were you able to punish the company for its defiance? No. Has the company stopped making money out of you? No. Will you refuse the shame of accepting help from our special forces? Hell no.

DieVluit:


Has the fine been paid? No. Were you able to punish the company for its defiance? No. Has the company stopped making money out of you? No. Will you refuse the shame of accepting help from our special forces? Hell no.

We are well aware that you South-African blacks are jackbot illiterates who don't finish high school. I fully aware of your inability to carry out basic research.



The Federal Government has confirmed the payment of N50
billion by MTN as part payment of the N1.04 trillion fine by
the Nigerian Communications Commission (NCC).


http://www.metronaija.com/2016/02/mtn-pays-n50bn-out-
of-n104-trillion-fine.html



You can train yourself, yet somehow in your delusion state, you believe you can offer training to a Nigerian who's superior to you.


We trained many of your officer corp, including the current Chief of the SAAF, that's the sort of domino effect superior Nigerian training can provide.

Henry240:


Nope, it's common knowledge, except you're too stup1d to assimilate what i've been telling you.


Again, you need to understand what you're replying to. Local investors would always remain loyal, remittances would always come, foreign investors would leave as soon as there is slight volatility in the markets, you don't depend on FDI only city states like Singapore depend on FDI you brainless fool!

Buddy lets look at largest developing economies:

China, has a much larger FDI than remittance

Russia, used to have a much larger FDI, yet they are in a recession now and thus have a larger remittance, same with Brazil.

South Africa, much larger FDI

also you will never see a country with an investment grade credit rating receiving more remittance than FDI!!

agaugust:


Fool, you are quoting sensational news media report as usual.

Last year we were told SANDF will deploy to Nigeria and fight Boko Haram, we saw nothing from SANDF, not even one soldier. Same last year we were told SAN will deploy Valour ships to patrol gulf of guinea and fight piracy in West Africa, we did not even see one SAN canoe.

SANDF that is overstretched and withdrawing from Dafur Sudan, now you fools think you are going to fight Boko Haram. Your SANDF special forces that are failing to protect your homeland from invading poachers robbing yöur Rhino resources for a decade unstoppable, now you want to fight in a strange land against sleek terrorists.

The official story from Nigerian government NTA news medium says NOTHING about SANDF SF fighting Boko Haram.....

General Shoke said Nigeria is very important to South Africa, hence the need of working together for the benefit of both countries especially now when Nigeria is fighting Boko Haram. He his Armed Forces commitment to the development of the Nigerian military in the area of capacity building, exchange programme and logistics support, among others. Nigerian army General Olonisakin said Boko Haram has been substantially decimated and degraded. He said the war against terror is closing up and would soon end.


http://www.nta.ng/news/diplomacy/2016/03/07/south-africa-to-work-with-nigerian-military/

I guess you don't know the meaning of working together for the benefit of both countries and military exchange programmes. You think it means your army is deploying to fight in Nigeria even when Buhari said no foreign army will fire one bullet in Nigeria.

The Nigerian army general said Boko Haram is heavily degraded and decimated and that the war is closing up to end soon....so which enemy is SANDF coming to fight? The already dead Boko Haram?

Soweto fools with zero battle experience wants to help a country that has over 5,000 well equipped special forces trained by Israel, Pakistan, USA, UK, and Belarus plus 6 years non-stop combat experience . What do you inexperienced sit at home SANDF have to offer? Textbook or internet photo combat?

Military exchange programme, while Nigerian officers share 6 years of current COIN war experience with SANDF, what will SANDF officers share in return, THIZA's Hollywood photos? Tell you fact, SANDF is stylishly coming to learn how Nigeria defeated Boko Haram under the guise of training exchange programme. When did an SANDF, I don't mean old SADF, I mean current SANDF, when did an SANDF tank battalion fire tank shell to kill an enemy? When did current SANDF special forces ever did surgical strike by squad insertion deep inside enemy stronghold and assasinate a key leader of hostile forces inside his own stronghold?


SANDF, your useless army that gets robbed and disposessed of rifles and ammunition by civilian theives armed with kitchen knives, and gets tied up with their own army boots laces not even real ropes.....that is the army you think Nigeria will invite to help them fight Boko Haram? Fools Journalists fool you because you are born fools
.

So much emotional B.S!!!

secondly im quoting a Nigerian news site!!



"South Africa will send its special forces to assist Nigeria in the war against Boko Haram insurgency.

This was revealed on Monday by the Minister of Defence, Mansur Dan Ali, during a meeting with his South African counterpart, Nobise Mapisa-Nqakula, in Abuja.

The Minister stated that discussions on the deployment of South Africa’s special forces had reached an advanced stage and the arrangement would soon be concluded.

“It is a very good thing that we are thinking that South Africa being our close ally should come and help us in developing our industrial complex, that is the Defence Industry Corporation of Nigeria.”

“We are of the opinion that very soon, when the two Commanders-in-Chief meet, and the visit is finalised, we will look into going deep on how the two countries will work together and come to an agreement on the MoU and technical expertise between the two countries.”

Henry240:


Nigeria is a free market, we fined you $5.2 billion, yet your company still stayed, shows what hopeless losers you are.


They(South-African companies) can leave, no one would feel it. Investors would still invest, they didn't flee when we nationalised B.P, they surely won't leave if we nationalise a couple insignificant companies from South-Efrica.

Then why haven't you done it bro?

jln115:

Buddy lets look at largest developing economies:

China, has a much larger FDI than remittance

Russia, used to have a much larger FDI, yet they are in a recession now and thus have a larger remittance, same with Brazil.

South Africa, much larger FDI

also you will never see a country with an investment grade credit rating receiving more remittance than FDI!!

China is the world's 2nd largest economy. Completely irrelevant comparison. Petrochina, Hwauei, Alibaba, Great wall of china, CSOC, CCECC, AVIC etc etc etc are indigenous Chinese companies which are amongst the world's largest economies.


Proves my point, Chinese companies are the engine for Chinese growth, not FDI



Russia, Brazil...... You don't even know why you mentioned them. Completely irrelevant. Gazprom, Petrobras, UAC, Embrear are indigenous companies that propelled their economies, not FDI



South-Africa is a 3rd world country with the world's worst income inequality gap, 31% unemployment rate, with actually figures up to 50%, filled with a majority poorly educated black population surviving on food stamps, and who are to scared to travel abroad and a racist minority white population, who have institutionalised racism.


I find it rather insulting that you mention RSA.

jln115:
Then why haven't you done it bro?

We are a free market economy.

Henry240:


China is the world's 2nd largest economy. Completely irrelevant comparison. Petrochina, Hwauei, Alibaba, Great wall of china, CSOC, CCECC, AVIC etc etc etc are indigenous Chinese companies which are amongst the world's largest economies.


Proves my point, Chinese companies are the engine for Chinese growth, not FDI



Russia, Brazil...... You don't even know why you mentioned them. Completely irrelevant. Gazprom, Petrobras, UAC, Embrear are indigenous companies that propelled their economies, not FDI



South-Africa is a 3rd world country with the world's worst income inequality gap, 31% unemployment rate, with actually figures up to 50%, filled with a majority poorly educated black population surviving on food stamps, and who are to scared to travel abroad and a racist minority white population, who have institutionalised racism.


I find it rather insulting that you mention RSA.

Dude? Do you even remember the argument? You said remittance is a larger driver to growth than FDI......Not once did I say FDI was the largest component to GDP, what I did however say was without foreign investment developing countries can't survive.........JUST LOOK at Russia and Brazil!!! That's why I mentioned them you fvcking idi0t!!!

secondly South Africa is a NIC country, also 1st, 2nd and 3rd world technically speaking has nothing to do with economics.......If you look at the original meaning of the classification you'll realise we are with out a doubt a 1st world country.

Lastly, I thought the race card was only a Lezz/Agubugu thing....seems you have stooped to their level, well done!!

Henry240:


We are a free market economy.

Yet you nationalized BP?

jln115:

Dude? Do you even remember the argument? You said remittance is a larger driver to growth than FDI......Not once did I say FDI was the largest component to GDP, what I did however say was without foreign investment developing countries can't survive.........JUST LOOK at Russia and Brazil!!! That's why I mentioned them you fvcking idi0t!!!

secondly South Africa is a NIC country, also 1st, 2nd and 3rd world technically speaking has nothing to do with economics.......If you look at the original meaning of the classification you'll realise we are with out a doubt a 1st world country.

Lastly, I thought the race card was only a Lezz/Agubugu thing....seems you have stooped to their level, well done!!

I think this guy is running kolomental o.

Nigeria still remains 1 of the 3G countries just like China and India. Brasil , Russia and south Africa can't do far more than they have done already., the best is to maintain their current state.

Nigeria won't even bother about south African companies. South Africa can't survive without Nigeria. All the money MTN, DSTV and shoprite take home won't be available anymore and that is why your president is in Nigeria to beg.

Why do you think more of your companies are coming to Nigeria even with the fine imposed on MTN? My friend business is good in Nigeria. Even Zuma said more mining companies are set to come as we diversify our economy in favour of mining and agriculture.

jln115:

Dude? Do you even remember the argument? You said remittance is a larger driver to growth than FDI......Not once did I say FDI was the largest component to GDP, what I did however say was without foreign investment developing countries can't survive.........JUST LOOK at Russia and Brazil!!! That's why I mentioned them you fvcking idi0t!!!

secondly South Africa is a NIC country, also 1st, 2nd and 3rd world technically speaking has nothing to do with economics.......If you look at the original meaning of the classification you'll realise we are with out a doubt a 1st world country.

Lastly, I thought the race card was only a Lezz/Agubugu thing....seems you have stooped to their level, well done!!

"FDI is a myth you retarrd. Those who contribute to growth
are the indigenous companies who have there roots,
infrastructure, money invested and all domiciled in the
economy.
Not some shadowy investor who can pull out his money at
anytime and move elsewhere"


"FDI isn't a significant engine for growth. It is only part off
that growth. Remittances alone more than triple the
amount of FDI many African countries receive each year."
The actual figure is between 120 billion - 160 billion a year"



- The above are my arguments, since you suddenly developed night amnesia, let me juggle your brain dead memory.




You are a 3rd world sh1thole with a 67% income inequality coefficient!


That the minority whites who account for 8% of the population live like europeans in Europe and Australia doesn't equate to an improved livelihood of the majority blacks who live no better than people in Burundi, and account for 85% of the South-African population.


Lastly, Racism is a significant of everyday South-African life, don't come here acting like it's an alien concept. Racism in RSA is open, institutionalised and well defined. You live with it.

jln115:

Yet you nationalized BP?

We already fined you $5.2 billion, threaten our National Security again, and we Nationalise you.



Yes, in the 80s for supporting Apartheid in South-Africa, you monumental fool. We nationalised British Petroleum so that ordinary illiterate black South-Africans can go to school, and walk back home without been attacked by dogs trained by white Afrikanner police.

Henry240:


We already fined you $5.2 billion, threaten our National Security again, and we Nationalise you.



Yes, in the 80s for supporting Apartheid in South-Africa, you monumental fool. We nationalised British Petroleum so that ordinary illiterate black South-Africans can go to school, and walk back home without been attacked by dogs trained by white Afrikanner police.

So your leaders are breaking the law. Not surprised.