Godogwu:

Nahh it isn't... This is forbes. Just face facts, dangote is worth $12b, nicky is worth $6.5b. Dangote is the richest man in Africa and the richest black man alive. #nuffsaid

Msauza: . Are you aware that Nicky's DE BEERS is not always included. Why?

solbil: this msauza of a man continue to delude himself with his "i am better than you" attitude that has come to characterize him

imagine him come on this forum to imply that we know nothing and are not educated.

When we started being educated, your people were still busy fighting aparthied. Infact many of your people came here to get educated at that point in time. Our professionals were their models. We even gave scholarship to many of your intellectuals.

This man obviously knows nothing about nigeria. Thats why he underated our intellectual prowes. The likes of chinua achebe, elechi amadi, wole soyinka, chimamanda adechie, cyprain ekwensi, Ngozi okonjo iweala, sanusi lamido sanusi, philip emegwali, chukwuemeka soludo, ekwenzili, etc are not black SAs

so you see, we don go too far before you people stated learning how to write.

Msauza: . My friend, that was not the first time I went out with white chicks. I had a several relationships with Afrikaner and SA English girls, one of whom (Afrikaner) is the mother of my child. I live in a white upmarket suburb in Sandton, Jhb. Black people are very few where I live and I only get to meet them when I go shopping.

Msauza: . By studying in Naija, did it mean that SA did not have better universities? Where did Mandela study?

solbil: i was only debunking your supercilious and arrogant ignorance and your fake "i am better" sentiment.

And talking about better unis. We all know that the educational institution (no matter how good)attended by a student contributes less than 20percent to his intellectual development. The rest lies in the individual himself. No wonder wole soyinka, from a school in the third world is better known than his mates who did the same course in schools in the developed world.

Come to think of it. I bet you dont know nothing about nigerian unis. You have not even being to anyone before and yet you know yours are better than ours. If you are educated as you would have us believe, then you should also know that you dont judge something you hardly know. You only rely on the deluded nigerians on this forum to get an idea of the country. You also forget that what comes out of the mouth of a fraustrated man cannot be trusted without research and verification.

Msauza Google best universities in Africa.

FIZIK:

You stink with double standard sir.Vehemently refusing to accept the google list of world richest men by Forbes and probably accepting the same google list by either of the links posted below.
Arent these statistics the products of the same West? If the Forbes list is inflicted by the western bias and propaganda what makes the list of best universities by same West any better?
By the way, SA universities dont make the top 100,lower your your shoulders please


www.usnews.com/...best-universities.../top-400
www.topuniversities.com/university
www.timeshighereducation.co.uk

Mad Cow: .WOW!! Great News...










_{This message is sponsored by.. Dangote Cement.. Dangote Group of companies.. Monopolizing Nigeria since before 1960..}

Msauza: De Beers has said a group led by its sister company Anglo American has made a formal takeover offer that values the world's biggest diamond producer at $17.6bn (Ł12.1bn).

The bid, which has been approved by De Beers' board, is worth $43.17 a share.

This represents a 31% premium to the closing price of De Beers shares on 31 January - the day before De Beers said a deal might be on the way.


⁠

The takeover is backed by South Africa's wealthy Oppenheimer family, which founded both Anglo American and De Beers, and the Botswanan government, which has a joint venture diamond mining operation with De Beers.

Oppenheimer: Flew to Davos to get Mbeki's approval

Cross-holdings unwound

A deal will unwind a complicated network of cross-shareholdings among the companies that other investors have blamed for the lacklustre performance of their shares.

It will also entail the delisting of De Beers from the Johannesburg Stock Exchange - a big blow to the prestige of the market.

De Beers chairman Nicky Oppenheimer said he had concluded the only way to lift the share price was to take the company private.




You could argue the offer is not generous given the prospects for De Beers

​

De Beers shares moved to a record high of 330 rand ($41.95) in trade in Johannesburg on Thursday.

Keith Bright, Fedsure Asset Management

Anglo American shares - quoted in London - were up 71 pence at 4,501p by early afternoon.

Cash release

Anglo American chief executive Tony Trahar said a deal would help the company achieve a number of strategic objectives.

"It will eliminate the cross-holding between Anglo American and De Beers, release around $1bn in cash, improve transparency in our business and increase our interest in the diamond sector, one of our core holdings."

Analysts said the deal would be good for De Beers shareholders in the short term but was more questionable in the longer term because the company's shareholders would become shareholders in Anglo American and find their exposure to the diamond business diluted.

A lot of potential

"I think it is a fair offer, but you could argue that it is not generous given the prospects for De Beers," Fedsure Asset Management analyst Keith Bright said.

"It is early days, they have had a restructuring of the company and they are getting into the retail market and there is a lot of potential there.

"But how much value you put on that potential at this point is very difficult to evaluate. You will get a lot of people saying they see a lot more potential in the share than $43.17," he said.

BNP Paribas mining analyst Charles Kernot said the deal would leave Anglo American as the strongest of the big three UK-based mining groups and one in a position to lead further consolidation in the sector.

However, Barnard Jacobs Mellett analyst James Allan said the deal could yet run into shareholder resistance.

Mbeki approval

De Beers said in a statement the transaction with Anglo American would result in the immediate inflow of $2.9bn to South Africa.

South African president Thabo Mbeki told parliament he sincerely appreciated "the confidence in the new South Africa demonstrated by a group and a family that have played a major role in our country's economic growth and development for more than a century".

Mr Oppenheimer and De Beers managing director Gary Ralfe had in January flown to Davos where Mr Mbeki was attending the World Economic Forum to secure his approval for the deal, De Beers said.

LVMH tie-up

For more than a century, De Beers has sold uncut - or rough - diamonds for cutting and polishing.

Last year, De Beers had sales of $5.67bn or about two thirds of the global market for uncut diamonds.

However, analysts have long been critical of the group for not realising its full potential.

If the De Beers brand is expanded to other luxury goods, as has happened in the case of Gucci and Chanel, it will be worth billions of dollars, they say.

Earlier this year, De Beers made a move in this direction, announcing a $400m tie up with the French luxury goods conglomerate LVMH.

Under the deal, branded jewellery under the De Beers name is to be sold in "a small number" of stores in prestigious locations.

Stockpile

The move to make more use of the brand follows a strategy shift last year billed as the biggest shake-up at De Beers since the 1930s.

That change saw the company focus on actively selling diamonds rather than, as has historically been the case, underpinning gem prices by mopping up excess supply.

The strategy had left the company with a $4bn diamond stockpile which the firm has sought gradually to deplete.

Anglo American already owns 32.3% of De Beers, which in turn has 35.4% of Anglo.

De Beers said the Anglo American offer comprised $8.3bn for the diamond business and $9.3bn for the stake in Anglo.

The bidding group is a 45:45 venture between Anglo American and the Oppenheimer family, with Debswana, a joint venture of the Botswanan government and De Beers itself, having a 10% interest.

The deal is subject to shareholder and regulatory approval.

Anglo American - due to announce results for 2000 on 14 March - said the anticipated outcome for the year remained in line with management expectations.

Ekowise: Has it reduced unemployment rate in Naija?

12 inches!:
That is one of the characteristics of education. "The ability to receive new knowledge and analyze it's authenticity". Unfortunately many Nigerians were educated using the "copy and paste method" : mere crammers like robot; garbage in garbage out. Mousaza has just made a claim. It is left for us as literates to ask him for clarification and explanation of his claims rather than just bash him outrightly. The indigenisation policy of 1970s in Nigeria, has it really worked? We still have white oil companies as the major players in Nigerian oil based economy; shell , total, mobil etc. We're still somewhat slaves to the whites. How many Nigerian indigent companies can afford to pay their workers well? We all want to work with multinationals. How much does dangote pay his key staff compared to the oil coys? We should not also forget that mousaza resides in a country (SA) where there is a white race that had (and maybe is still according to him) controlling the economy. My question to mousaza is where are the links or references to you claims because wikipedia puts oppenheimer's net worth at 6billion dollars which is below dangote's 12 billion.

mascot87: So,wetin iI go do?

maclatunji:

I would like to join your socialist cause; show me the way I says- show me the way!

ebamma 3: and why is the Op taking panadol on anoda mans headache, if he like make e be scam wetin concern u, abi na your papa rich pass am

amiskurie: nothing like socialism these days,individualism now governs the living minds.

solbil: dont mind the juvenile. If stats do not support his sentiment, then they must be conspiracy.but when they support him, then they are true.

Msauza: . A white men considers you a family of the primates and would rather leave you to trade with cement, flour, sugar and salt and instead would gun for oil, diamonds, gold, manganese, iron ore, platinum, etc. My friend, unfortunately you are not from SA and you would have come to the understanding of how expensive are diamonds. Diamonds in South Africa sells like cakes and a 4ct black diamond can buy you 10 000 bags of cement and still build you a mansion. Just imagine if you have ten of those diamonds. Cars, aeroplanes and cellphones are made from a metal that is being mined in SA. Did you ever ask yourself why white SA TIGER BRAND bought Dangote,s flour mills and did you ever ask yourself how much are they worth? Don't underestimate natural resources, it is where the God's given wealth is hidden and a white man would do anything to dissuade you from participating in that business.