Pages

Adsense



Featured post

DEVINE

Dear Beloved , Please, pardon my means of contacting you. I am Mrs.Benice Mathews now undergoing medical treatment in Cecilia Makiwane Hos...

Blog Archive

28/08/2014

South Africa loses dominance to Nigeria, narrowly avoids recession.

The South African economy grew by just 0.6 percent in the second quarter of this year, narrowly avoiding recession. This will put pressure on president Jacob Zuma to do a much better job of implementing urgent economic reforms. Although South Africa is Africa's most advanced economy in terms of infrastructure and per capita income, it recently got surpassed by Nigeria as Africa's largest economy, and now, the country could be losing out to Nigeria as the entry point to Africa. The mines workers strikes have not helped matters,as well as the corruption allegations of Zuma's government. Recently, President Zuma was prevented
from making a speech to Parliament unless he answered questions about his Nkandla home.

No comments:

Post a Comment