South Africa to Become Africa's Biggest Economy - Dr. Juliet Ehimuan
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- čas přidán 20. 10. 2023
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either way South Africa has more investments whether they the second or third biggest economy
S/a will fall to 4th biggest in the 2030s. many countries will overtake it.
You can tell they’re not happy with South Africa overtaking Nigeria 😅
😂😂They Are Pained
Nigeria is very far from attracting these big manufacturing companies because there is no steady electricity, insecurity is on the high side, no infrastructures etc.
GDP per Capita is the proper way of measuring the strength of GDP as things stand GDP per Capita for South Africa 🇿🇦 is 5x strong than Nigeria..South Africa 🇿🇦 is also extremely developed too compared to Nigeria
Also doesn't help that Nigeria is twice as corrupt as SA.
Nigeria's economy will always be larger than south africa's economy. Also stop using extremely loosely, s/a is not near extremely developed.
South Africa is way more developed, what part of Nigeria looks like Cape Town? The average adult in SA makes more than 3 times as the adult in Nigeria.@@jyde50
Compared to Nigeria my dear SA is way development, dont catch feeling my lovey its facts
@@thembi9645 you are right, 70% of s/a live in shacks, that is extremely developed.
A very nice news story. The return of the king of Africa, South Africa.
We rule Africa and others follow
Regardless of the colour of skin, South Africans need jobs and vocational training. The have abundance of natural resources. The Government can initiate industries,rather than attracting the foreign investment. First, security of the society must be tackled by the malpractice of political corruption.
Foreign investments comes with jobs don't you know. The natural resources are nationalised meaning they are state owned so all you are saying they are doing it in South Africa.
Where there is no vision, a people perish.
Great analysis and thank you for keeping us updated 🎉
Yes SA will become Afrika’s biggest economy once again and the Rand is more stable than the Naira. SA’s economy is hampered by power cuts but we are working to fix that. But I agree in the end what matters is not who is number one but that we are all seeing the difference in the lives we live.
It makes no difference if an economy is number one but there are endless power cuts, poor health care, insane crime, poor infrastructure overall and others. If we can develop our continent as Europe has done I think we can say we are number one as a continent, at least to ourselves.
We still have a long way to go. Remember people leave their countries for a reason, Nigerians and other nations come to SA for a reason but if Nigeria and other Afrikan countries get so well developed that we don’t leave our countries then we have achieved more than being “number one” economy.
s/a wont become biggest economy, its just a guess and even if it happens it will only be for 3 months in 2024 before Nigeria takes over again,
@@jyde50 😩🥹🙃😁 But we have held it for years what makes you think this time around it will be 3 months max?. Hehe. But it’s all good. As long as you did consider what I wrote when I put aside the number one spot position.
We need people’s lives to change, if an average person doesn’t see what that “number 1 GDP” spot does in the everyday life then it won’t matter. We need quality roads, water, railway services, affordable and even free education, affordable/free healthcare, affordable housing, reliable energy, less to no crime, more political corruption prosecutions, new investments which will put our countries to another level. SA has a lot of those things, we do and Nigeria is struggling with them. Not to say we have them all because crime, corruption, unemployment and unreliable energy is what’s dragging us back. That’s why I am saying if an average person doesn’t see this “no1 GDP” it won’t matter to them.
But to your point, yes maybe Nigeria will forever be number one but if it will rely on oil only to be number 1 then that’s a bad investment to hold on to since even Middle East countries are diversifying themselves.
@@jyde50 take away Nigerian Oil, u will in out of top 5 economy in Africa. SA is to diverse...
Great Discuss. Good point about the largest economy label. Great for marketing but what matters is what is happening on the ground. Are the necessary reforms, policies and strategies being put in place to attract and retain more FDI? Are the economic conditions creating an enabling environment for local businesses not just multi-nationals or opportunistic local and foreign business entities capitalizing on loopholes in the system? These are some of the pertinent things that every country in Africa needs to focus on.
It always has been 😂😂 nigerians are funny. And yet Nigeria has 6 times the population of that of SA.
Just because s/a will be bigger for 3 months you guys are making noise, i wonder what noise you will making by april next year when the Nigeria takes over again. LOL
Nigeria will always have the largest economy in Africa.
@@jidebolarinwa697I doubt it… the thing that hampered SA’s economy is power cuts and of course “African corruption”. SA is and will forever remain the powerhouse of Afrika. But to your point, I do hope
Nigeria does grow just so things can get better that side. Nigeria still has a long long way to go, like infrastructure is beyond horrible but if the government is determined yes you can lead Afrika to another level. Remember oil won’t be consumed forever, already we have investors in SA pushing green hydrogen and “green products” to the globe. Again it’s not a race, in the end we just want to have a better lives for all Africans.
@@jidebolarinwa697I hope so with all those people 😂😂
@@jidebolarinwa697youre funny 😂😂😂why are you in pain
The real thing is what ever numbers must improve the lives of an average South African or Nigerian
Allow me to comment on Rolake. Very pretty and popping skin. Her makeup is always snatched, smoky eyes and contouring also always on point. I know we are here for serious business, can’t help but comment. Good discussion
Viva viva my SA . God of SA is doing wonders
Nigeria's economy will always be bigger than south africa's economy.
@@jyde50😂😂 ok buddy nice comparing a country with 215mil population with 60 mil, we still go surpass all Africa we are real African giants 🇿🇦, but Naija can keep talking the talk 😂😂😂
@@jyde50how do you feel now. Nigeria dropped to 3rd, and will soon drop to 4th.
@@666oracle Nigeria currency the Naira has gone from N1,600 to N1,100 to the dollar since the Projection. that means Nigeria will still be the biggest by the end of year. S/A is just a projection that will never happen. LOL
How are companies going to move goods and service in Nigeria when there is no road infrastructure including rail transportation.
We are kings of Africa.
Great stuff
Nigeria is always boasting falsely
God bless SA for it is Africa's USA. Every Jack and Jill comes to SA for greener pastures. I pray for SA every single day ❤
No they must stop coming here.
The parallels between both countries are very clear.
Why do you guys always want to talk about South Africa in oreder to be relevant!!! Nigerians always talk about south Africa no man this needs to stop!!!!
Oh yes, we are not interested of what or what not Nigeria do, we just mind our business of developing our country and economy.
More than 4/5 of this clip was on something else...
you all are too focused on calling yourselves giants🤣🤣🤣🤣🤣
Just becaue s/a will be bigger for only 3 months in 2024 you guys are making noise. LOL
@@jyde50 🤣🤣🤣bro our economy is growing
@@silakhileisrael9937 No, its not growing. Nigeria and Egypt is growing faster. Nigeria will be the largest economy while Egypt second.
@@jyde50 😅😅😅bro we look at GDP per capita
@@silakhileisrael9937 GDP per capital in the world most unequal country? LOL
People just come here and comment with emotions and hatred comments. Yes Nigeria is also big in resources but South Africa has the most adviced economy in Africa. Standard Bank alone is bigger than all Nigerian banks compined. Do research.
Nigeria's economy will always be bigger than south africa economy
South Africa has 14 natural resources gas and oil is included.
@@wahwah7701 Maybe so but Nigeria's economy will still be bigger than south africa economy.
Who names Arise Tv clips!!!
A country like Nigeria was suppose to have atleast two car assembly plants of Mercedes and Toyota because of the huge market but but:::::?????
Nigeria is the world's capital of poverty and there's no way there'd be mercedes benz manufacturing plants there because the general public cannot afford to but those cars.They cannot even afford buying groceries from Shoprite.
But it is a black man country
@@sthe_zar6341 Nigeria will always have the largest economy in africa. Enjoy your 3 months next year while it last.
@@donpetazaragomatuta9988 Nigeria is richest country in africa
@@jyde50 Your stupidity is astounding,having the biggest economy in Africa is meaningless when your country is the world's capital of poverty and a completely failed state.What you need is to reduce poverty,send children to school,have proper hospitals and infrastructure etc.Your country is collapsing with the dollar trading at over 1000 units to your currency but you're obsessed with being called the biggest economy because you don't understand that only matters in well developed countries are not going to be top for three months because your banana republic run by convicted drug dealers with fraudulent documents and certificates is completely doomed to fail even more.Weep for yourselves!
Nigeria with its 4× SA's population can't do anything, what are those people doing ? They are supposed to be far but the fact that they are competing with US is laughable .
Is that the end to matyotyombe?
South Africa needs to overcome this electricity crisis and crime, then the economy will rise as it should
The electricity minister seem to be onto something. We starting too see some bit of change
Elections in 2024
After elections we are going back to stage 20!@@SenzoXaba
@@SenzoXaba Nigeria economy will always be the largest in africa then egypt next
Nigeria economy will always be the largest in africa then egypt next.
@@jyde50 I doubt that as ZAR has been consistent. SA's democracy is reaching its maturity next year where noone political party can drive policies alone. No party will achieve outright majority, meaning corruption will decrease significantly. Also SA's is fixing the energy crisis in the country. Private companies building military drones and jets are on the rise. The next 15 years will be glorious years for South Africa. I don't know much about Nigerian's economy, but looking at population difference(60m vs 200m+); South Africa is more productive than Nigeria. If that trend continues, it's likely SA will surpass Nigeria as the largest economy.
🙏 🙏 🙏 🙏 🙏
You caption about South Africa 🇿🇦 in a 15 min video and only talked about SA at 14. Why did you even include us
Because south africa is a currency to attract audience
Lets not compete with each other please, all of us in our states lets work and support each pther so the whole continent prospers. The West is pitting us against each other
Rotus don join Tinubu govt?
Why him no dey take the business segment again nah?
The problem with Nigeria is Bokoharam😢
...what a dream
It’s no longer a dream
🇿🇦🌍⚒️🇳🇬
The ladies are not happy about South Africa becoming the Biggest economy in Africa. 😅😅😅😅
Nigeria economy will be larger than south africa economy.
Not happy? Did you listen or conclude?
@@YT-xk5jl south africa wont be the largest economy in africa. if the projection is real it will only be for some months which does not count.
no light in Nigeria, failed Nation Nigeria ❤❤❤😂😂
The biggest economy with a 73% youth unemployment.
Are you talking about Nigeria because that's not South Africa?
@@wahwah7701 it is. 73% YOUTH unemployment. Look it up.
Unemployment grants R350 are paid ,free education, free health care, old age grants, disability grants etc cause we are a big economy. In my research your country doesn't grant its citizens with all these benefits cause your are a small economy.Thats why you are all over the place. Always looking for ways to leave your country.
@@wahwah7701 youth unemployment not overall.
@@Snekhwela scattered all over the world where they are not wanted
Dr you are talking about creating opportunities for the work force, but what are you doing for the elderly and vulnerable disabled people who can not be part of a workforce. Are there no grants?
Yes that's true 😌 disable and elderly PPL need grant to survive
Not a lot of the iPhones Madam.... Some, about 7-10% But that strategy is not going to work well because India has terrible infrastructure for the supply chain.
however, the Praise of the USA and its Western allies will continue by most ignorant people. however it's nice to have anchors research more and give updated situational analysis of the things going on around the world.
I also am surprised none of your anchors have the guts to say "Hey so the US is so scared now it has to physically try openly and shamelessly to stop the growth of another country" Imagine if this was China limiting any nation from any product... It will be CHINESE COMMUNISTS TRYING TO STRANGLE COUNTRY XYZ FROM ADVANCING... what TERRIBLE PEOPLE" But when the USA does it, you guys just wishy wash it as just one of those things they are entitled to do.
Hopefully, all this hypocrisy will end after the fall... Pride will always go before a fall.
There is large labor but there is not skilled cheap labor. That's why dangote is dumping Nigerian graduates in favor of cheap skilled Indian labor.
Dangote had been given undue advantage by past and present administrations. But to what benefit? 😢
Weak analysis of the advertised main story. Last and shortest story - guest clueless.
True, I was also quite disappointed. The heading of the discussion was completely negated. It was a 'by the way' type of thing mnxm.
Was also surprised to find it as the last discussion and so brief smh
Let the insults begin...we are bout to be called xenophobes, all sorts of derogatories by Nigerians 😂😂😂
The truth though is that Nigeria and SA's skills cooperation, including Kenya could mean so much for the continent.
Nigeria is not interested in cooperating with s/a. s/a will be the 4th largest economy by the 2030s. they are not as relevant.
@@jyde50 🤣...ok. keep dreaming.
you're entitled to your dreams, no matter how farfetched they may be.
@@jyde50 ahhh please🤣🤣🤣,not with your weak ass currency. R1 = N44/45 ...
@@YouWell2
Absolutely, if that makes him sleep well at night in his noisy Lagos, so let him be. Otherwise the truth will humble him come next year.
@@florencediallo8340 you realize that if the projection is true, it will only be for some months in 2024 and after that Nigeria takes over again as first and eygpt becomes second largest in 2025? i don't think you understand at all. LOL
This headline was not necessarily 😂
Does it matter ......Really😏
Wait and see, even countries like Ghana will overtake Nigeria. I am not cussing Nigeria, this is just where things are going, since
1. You play politics of tribe - Only Hausa/Fulani and Yoruba can rule Nigeria
2. You play politics of religion - Muslim Imams determine who rule the country and xtian leaders prophesy the economy, currency and sell olive oil
3. You play politics of class - The political, religious and traditional leaders only care about their pockets. Despite the desperate situation that Nigerians are in, these class of people only care about their pockets.
Do you listen to a news anchor that says she is "... a follower(fellow) economist and observer of markets", she is asking if it does really matter who is the larger economy and also said that there's no change on the ground. Are things not getting worse and worse for Nigerians. This is it. Politics of class.
4. I can go on and on
Did Tinubu promise anything before the election? No. Has he floated any economic agenda? You tell me. Has he ever spoken to the people, apart from reading independence day script? No. Does he know where he is? You tell me.
Save this. Within 10 years, countries like Ghana, Ivory Coast, Kenya, Ethiopia, Namibia, and many others will overtake Nigeria in GDP, it will get worse. and people like this our fellow economist will still tell you that it does not matter.
I pray that the country breaks up so southerners can finally be free from the north and from our Yoruba southerners!
You won't have to worry about power trading between the Yoruba and Fulani by 2031 because by the time Tinubu is done, he will be disgraced and the democratic system will be almost universally discredited. The Islamists will take full power as the saviors and will permanently be in power. No Yoruba will ever be allowed near power again. It's all by design.
@@mudiagaoneil1384 brother, right from childhood I have always prayed for unity in Nigeria and even after leaving Nigeria, I have always worked for that.
But now I see that that is can never happen. Nigeria can never unite and therefore can never move forward. So what you suggested is the best and only option on the table.
There would have been hope if the Yoruba had joined hands with the rest of the country to blunt the Islamist agenda of the Hausa/Fulani. But the Yoruba instead chose to work with the Hausa/Fulani as junior partner in their relentless plan to choke democracy and progress in Nigeria.
The only way forward is for the rest of the country or SS/SE to break away, so Yoruba can stay with their master, the Hausa/Fulani, and express their love for each other fully. They share many things in common; Islamic religion, deep tribalistic orientation, inordinate quest for power and control, hatred for Igbos and grouping every other person as Igbo.
Even Niger will overtake Nigeria
Trash comment
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It was a no brainer. You cannot have a culture of graft and corruption in every sphere of the country and expect growth. You cannot continue to steal from your profits, other countries are consolidating on their industry gains - how will they not grow.
South Africa up until a corrupt leader called Zuma walked into the presidency, was always the biggest economy in Africa. Corruption breaks all African countries.
Nigeria has not been overtaken by S/A its just a projection and even if they are overtaken by, s/a its will only be for 1 year before Nigeria takes over.
South Africa always been bigger than Nigeria. The difference was 3 billion USD with Nigeria having 6 times the population of South Africa.
The model of cheap labour won't work as well in future. Robotics and artificial intelligence will take so many manual jobs.
The saddest part is that this Africans are so happy to narrate what those criminals are doing they take our resources to go create jobs elsewhere while we in Africa are jobs less why can't this people bring those manufacturing plants here Africa
Rather call it affordable labour than cheap labour, you sound to imperialistic.
Who's this?
They introduced her in the first minute. OPEN YA EARS.
I get ears?
Is that what you want to contribute in this important matter as our guest was introduced at the beginning of this programme ✌️
I mean, the woman is something else.
@@kelechiowunnah1705 We agree that our guest is smart and with vast skill and experience acquired while working for a reputable company 👏
It will be much more lucrative for major investors if Africa falls under one umbrella. And none of you are talking about uniting Africa. Anyway Africa comes under one umbrella that will be the end of poverty for black people. Stop being afraid and unit the damage continent!!!
Mind your own business and leave us Africans alone. You black Americans need to focus on uniting your ghetto gang bangers and drug dealers first. Just leave us alone and focus on your own affairs. Even if we unite, it won be for black American benefit smh
Hahaha!! Failing SAA Transnet Escom Water and Sanitation Potholes .......pipedreams...
Dear Brothers & Sisters. Stop fretting about these useless indicators & lets focus on improving the lives our peoples in Africa. This is nothing new, Nigeria 1st overtook SA as Africa's largest economy in 2014. Then Nigeria fell back to No2 in 2016 until 2020 when it overtook SA again. Now SA is back up & will again be overtaken by Nigeria or potentially Egypt in the not so distant future. Our collective task is to build every corner of our continent such that it shouldn't matter who's no1 because Africans benefit everywhere.
All because of a YORUBA man's unrestrained ambition to be president by all means!😢
When will you stop being xenophobic and useless. Because Tinubu doesn’t mean 45 million Yorubas supported him
Cry me a river
You are a racist, i am not a Yoruba person all Yoruba are not in support of tuniba greed.
This same Yoruba man as achieved far more greater things in life than your generation combine
@@James333777Archieved what? 😂😂😂
Who did this to your ridiculous self???
Lies 😂😂😂😂 and I’m South African
South AFRICA Economy! The Credits Should be giving to the white peoples who are managing the Economy of the country..
I thought the economy of every country is managed and run by there government. So what are you talking about you jealous hater? Our president is black not white.
As a south African wether i like it or not Julius Malema will be president, he has a great destiny 😮
As a South African, Julius Malema and EFF with their continuous flip flopping for political attention and their proven not to work communist economic and political policies not to mention their general stupidity around how the real world works mixed in with their despicable racist attitudes are the absolutely the biggest threat to South Africa's future.
Intelligent South Africans will not vote for him.
Thankfully Julius Malema will never be President of this country. The ANC is already on the cusp of turning South Africa into a failed state.
If Julius and the EFF get into power they will be even worse and send this country down the toilet in 6 months.
😂😂😂😂😂😂😂😂😂😂😅😅😅😅😅😅😅
Malema is playing the long game...
He talks 2024, just to stay in conversation, otherwise he knows he is 2 -3 elections aways from power. He's building the 2nd revolution machine.
Unamanga businesses will run away from investing in SA
You guys are delusional for real almost unbelievable that you expect a 10% party with the most hated leader to suddenly get 50% increase on voters.
😂😂😂this could be a lie south Africa food petrol increases everyday under leadership of Ramaphosa nothing is getting better
South Africa's inflation is at 4% while Nigeria's is at 27% so what are you talking about?
@@wahwah7701 why are you telling me about other country I am talking about my
@@lucasthsepang3968 I'm telling you so you can see that you are being a cry baby in other countries its way worse and you don't see them whining like a b*tch.
en.wikipedia.org/wiki/List_of_African_countries_by_GDP_(nominal)