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

wristbangle:
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!

9jakohai:


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.

lonelydora:

Di anyi, ime agaa? Location?

wristbangle:
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!

MrEverest:
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.

raphealolami:
African leaders!!!! why are you sleeping?

IDEKEALUMONA:


Adi oyi nwanne, oburu n'ichoro igo, ebenugu ego .

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

Wizkhalifa2:
E be like say BUHARI dan Bite Zuma

Livintestimony1:
That's what happens when you chase Nigerians out of the your country..
Meanwhile, Congrats to yesterday's winners. All thanks to God Almighty for making it Possible.. See images below for more..

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

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

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.

SHOPPERS:
You well so?

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

Wizkhalifa2:
E be like say BUHARI dan Bite Zuma

free2ryhme:

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

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

kpaminose:
The worst South African Government is the best of Nigerian government. but the most industrious South Africans are the laziest Nigerian. SA has very good government but very lazy populace. If you know how much the government spend on the citizens despite not making so much money like the developed countries, you would wonder why SA took so long before getting into recession.