No country is better.....faith in God in anywere guarantees ur survival

I am sure they have put this to front page to make it seem the Nigerian economy is well managed by the Buhari government by comparison.

South Africa's GDP growth has lagged Nigeria's in the post-apartheid era. This is like the Venezuela analogy that Buhari apologists trot out where most don't realise that Venezuela went into recession in 2013.

buhari has infected them

Back to post, the recession quagmire affects all hemisphere in the world which Africa is worst hit due to several factors such as low skilled labour force, Little resources, corruption and inept attitude of African leaders, etc.

Just like my friend franchise21 said, two largest africa economy in recession, trouble dey true true!

So Jonathan Zuma is going

maybe I should Blame Buhari for this too

Chaii!...Nig urgently needs a charismatic leader so we don't slip into 2nd recession in 2 years!

filthy homophobes

More fuel for the white racists that predicted that South Africa will become another failed African state after the end of white minority rule. Can't really argue with them because the level of violence and corruption there now was never seen during the apartheid years.

I will Advice all the nigerians in s.a to come back home ASAP ..because s.Africans will start using their frustration on us

The country is being raped by Zuma & Crew

4Play:
I am sure they have put this to front page to make it seem the Nigerian economy is well managed by the Buhari government by comparison.

South Africa's GDP growth has lagged Nigeria's in the post-apartheid era. This is like the Venezuela analogy that Buhari apologists trot out where most don't realise that Venezuela went into recession in 2013.

No....just to show both of them have the same issue...reliance on one resource....which in South Africa's case is its diamonds and platinum.(I.e...both are badly managed).

South Africa does have a viable industrial sector...but thanks to years of arphateid...there aren't enough black technicians to man the industries.(And its steel industry has lost out to cheap steel from China).

Then add corruption (Jacob Zuma has a lot of cases on his head) and an economy based on sharing money in the name of welfare....and you get the picture.

The leader of the Opposition Democratic Alliance was talking about diversificaiton a few months ago...which shows you what's up.

Africa's two biggest economy in recession...

Odiegwu!

SalamRushdie:
A thread for clueless Buhari supporter to come say " we told you it's not only Nigeria that is suffering recession " but they will forget that both Jacob Zuma and Buhari are two very useless leaders with Buhari being the more useless one

Yet your brothers are dying to go/stay in South Africa

wristbangle:
In IPOB voice. See what PMB has caused

Back to post, the recession quagmire affects all hemisphere in the world which Africa is worst hit due to several factors such low skilled labour force, Little resources, corruption and inept attitude of leaders, etc.

Good points...except the resources issue.

We actually have enough resources. The problem is...we just export them and share the revenue...which we then use to import...depressing local industries...and local innovative efforts(which is why our educational system is in a mess....you do not need to innovate...so you just learn to get your certificate and get a white collar job...and also why we have so many low skilled labour...because white collar jobs are so attractive)...and loss of jobs...and a bad economy as a result.

how does that concern the average Nigerian? we have our own problems to tackle... we don't news from shaka zulu country.

It would not funny by the time this recession gets to places like India, Malaysia, Canada etc I think our boys in those countries should come back home to invest what they have made into our economy. Nigeria's economy is so bad to the extent that Indonesia has decided to help. Meanwhile, our brothers and sisters are out there living a king's life. It's a shame

Nigeria escsped from it and now SA is in it.... WHO IS GOING TO HELP THEM NOW

pittoilet:
South Africa’s economy fell into a recession for the first time since 2009 after it contracted for a second straight quarter in the first three months of the year.

Gross domestic product shrank an annualized 0.7% in the first quarter from a contraction of 0.3% in the previous three months, Statistics South Africa said in a report released on Tuesday in the capital, Pretoria.

According to Stats SA the largest negative contributor to growth in GDP in the first quarter was the trade, catering and accommodation industry, which decreased by 5.9% and contributed -0.8 of a percentage point to GDP growth.

The manufacturing industry contracted by 3.7% and contributed -0.5 of a percentage point to GDP growth.

Seven out of ten divisions reported negative growth rates in the first quarter. The largest contributor to the decrease was the petroleum, chemical products, rubber and plastic products division.

In contrast the mining and quarrying industry increased by 12.8%, and contributed 0.9 of a percentage point to GDP growth.

http://www.looknaija.com/2017/06/south-africa-slips-second-recession-8-years/

mynd44

The African Chicago in the making

The problem with the country is the blek Zulus. They are so busy chasing other black immigrants who are skilled, educated and enterprising with xenophobia when they are too lazy and unmotivated to work.

South Africa will eventually end like Zimbabwe when these unemployable dumb Zulus have finished running the country underground with BEE.

If your username starts with 9ja, why are you using the word our as if you are a south african?

9jakohai:



Good points...except the resources issue.

We actually have enough resources. The problem is...we just export them and share the revenue...which we then use to import...depressing local industries...and local innovative efforts(which is why our educational system is in a mess....you do not need to innovate...so you just learn to get your certificate and get a white collar job...and also why we have so many low skilled labour...because white collar jobs are so attractive)...and loss of jobs...and a bad economy as a result.

skullzflex:
you are not alone

by Michael Jackson

skullzflex:
We are not alone

We can now offer SA a shoulder to lean and cry on...we are Africa's big bros of recession lol i pray we come out quick though...

NubiLove:
If your username starts with 9ja, why are you using the word our as if you are a south african?

Part grammatical mistake. ...but intentional....as I also was referring to the whole African continent there.

Most African countries are....like Nigeria and South Africa...dependent on revenue from selling one or two resources.Once the price of the resources goes down....we get into economic palaver. Once prices go up, we fool ourselves into thinking everything is all right...when it isn't.

TruePass:
No go say na same with Nigeria. A country where u can comfortably take your baby out with 100rands or even buy better thing inside Shoprite.
5 rand get big value here, u fit use em board taxi, pay for an hour for internet service even buy cold drink drink. If u give babe 5rand she go smile any time she see u, u fit chop her later self. Na hell u nah dey. Una no know.

Hmm,
Plz tell me more

The two giants of SSA (Nigeria & South Africa) going down economically will affect other countries in the region. While the latter has a fairly developed infrasture and industrial base, the former is battling poor and decaying infrasture, massive unemployment, Insecurity & now a secessionist struggle that is threatning to tear it apart.

free2ryhme:


That's all thanks to Jacob Zuma and his state capture adventure

They are welcome onboard

You re highly welcome