South Africa to overtake Nigeria and Egypt as the continent's largest economy: IMF
South Africa to overtake Nigeria and Egypt as the continent's largest economy: IMF
International Monetary Fund forecasts show that South Africa is set to overtake Nigeria and Egypt as the continent’s largest economy.
The IMF says Nigeria’s economy, which ranked as Africa’s largest in 2022, is set to slip to fourth place this year and Egypt, which held the top position in 2023, is projected to fall to second behind South…
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Africans and their socialism never changes, look at China and look at Nigeria capitalism vs socialism.
One thing some of our Africa brother and sister do not understand is when ever your country makes a positive response to the economy of the nation, the world bank, IMF, and Google will start talking rubbish about the country and try to put them on the list of the country that is not doing well, but I can tell you that anytime you see such updates from your country just know that your country is doing the right thing
@youme1414 Where are you ooohhπππ You are not giant anymore???
SA being number one means the politicians are getting fatter. Our economy does not include everyone but those grannies and grandpas with bellies running the country like its a mouse game
This is old news. IMF made a statement last year and SA was the biggest economy in Africa since December last year. BBC did this story last hear already while SABC is playing catch up
Nigeria will recover when:-
A. The 650,000bpd Lagos, the old 450,000bpd, 200,000bpd Akwa Ibom, the new 100,000bpd ph and 30 modular refinaries reach full production,
B. LNG train 7 double Nigeria LNG output and,
C. The $13billion investment attracted by Tibubu get Nigeria crude oil prodution to 2.6mbpd.
D. When Nigeria start exporting rice by 2027. The Naira will become stronger, many of our roads and railway's infrastructures projects must have been completed.
No African country have more projects going for them.
Given this is one of the most unequal countries, this statistic just shows that problems are brewing due to growing discontent.
Whether SA, Egypt, Nigeria or Zimbabwe it doesn't matter. This only matters to corrupt politicians and business people. I don't see ordinary people, the suffering masses of the continent celebrate.
The IMF doesn't know that they're talking about. The people running the IMF don't go to the nations that they report on.
That is just a thing on paper or wherever it is
In reality, SA is as bad as Zimbabwe
Not if the ANC has somethng to say about it!
Fake news from Imf
Nigeria have always been giant everything, giant in population, giant in corruption, very useless tribal government
Am a Nigeria, SA is quality, so let them take over for the next 50 years
Nigeria is the worse run country in Africa because it's run by poorly educated abd incompetent professionals from underfunded and substandard education system. This explains why Nigeria is run so unconventionally compared with other African countries, including the rest of the civilised world beyond the boundaries of the continent of Africa.
If only its incompetent leaders and the led who're following in the footsteps of their leaders could stop serving imperialists governments and dedolarize, including begin to sell its petroleum resources in Naira rather than in Dollars, Nigeria may start inching towards being run the way it should or in a more civilized manner
How far ahead would SA be if the government ran the country effectively?
Time will tell who is the true giant of Africa!
Ramaphosa deserves round of applause for a whileππ
In most African countries the economy is informal, nobody put in all the details to be accounted for, these numbers are only on formal business transactions but if you add all of these two, you will see that Nigerian economy is twice those figures maybe even South Africa or Egypt
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It's not that South Africa is doing significantly better – It's just that the other countries are facing currency and economic issues – SA's stunted economic growth is still concerning