kgr28:

Stop bragging about your 10 billinares.

"Black Owned Companie in SA/Jse" google.

Shanduka - Deputy Pres. Maphosa
African Rainbow Minerals- Motsepe
Sibanye Gold
Thebe investments
Chilli Holdings
Mvelaphanda holdings
Gijima
Kumba iron ore
Wesizwe platinum.

and the rest of public compinies.

I was even expecting Telecom companies, banks, airliners etc, you came up with this rubbish.. Guy, just free us abeg

iterator24:
now dispute this, Nigeria has the most successful blacks on the planet...also, they created competitors for all foreign investors in their country.., intead of telling zuma to empower your Soweto brothers , you're here extolling aparthied 'products'.. go and die!

Hahahahahaha! what are your successfull blacks doing to improve nigeria??

South African products you cant change the facts.. employing nigerians...fact.

iterator24:
I was even expecting Telecom companies, banks, airliners etc, you came up with this rubbish.. Guy, just free us abeg

you wanted black companies on Jse, now you want me to give you snake's feet.

I wanted you to give nigerian companies that invested in other countries you couldnt.

And yet you gave me your bootleg companies..and gave me dangote your nigerian Oga/god!

Please nigga, I said lets leave this, and let the guys continue with their military topic.

kgr28:


Hahahahahaha! what are your successfull blacks doing to improve nigeria??

South African products you cant change the facts.. employing nigerians...fact.

they made it Africa's leading economy .... what has your BEE done for you theives

kgr28:


you wanted black companies on Jse, now you want me to give you snake's feet.

I wanted you to give nigerian companies that invested in other countries you couldnt.

And yet you gave me your bootleg companies..and gave me dangote your nigerian Oga/god!

Please nigga, I said lets leave this, and let the guys continue with their military topic.

lets leave what? you want to run away like your other lost cause compatriots .. BEE theives ..all the companies I gave you have invested on the continent and abroad.... don't provide us alien washed up companies dummy

iterator24:
they made it Africa's leading economy .... what has your BEE done for you theives

Leading economy kikikikikikikikikiki, Balancing accounting numbers did not change the status quo! things are still worse than Somalia.. did it change your gdp per capita, stardard of living or are you still broke like before.

Any way you are number one I agree but hold that position/umbrella for the rightfull owner...just so you could have something to brag about, Gdp numbers and Dangote..

kgr28:

Stop bragging about your 10 billinares.

"Black Owned Companie in SA/Jse" google.

Shanduka - Deputy Pres. Maphosa
African Rainbow Minerals- Motsepe
Sibanye Gold
Thebe investments
Chilli Holdings
Mvelaphanda holdings
Gijima
Kumba iron ore
Wesizwe platinum.

and the rest of public compinies.

You fool, why are boasting of some insignificant investment companies and tiny mines, Wesizwe isn't even black owned anymore it's owned by the Chinese now. You Zulus and Xhosas don't own one airline, you don't own one supermarket, you don't own one major oil or gas company, you dont own one car maker, you don't own one fast food chain, you don't own one major farm, you don't own one major business, you have no one like Dangote, Innocent Chukwuma, Mike Adenuga etc.. you people are pathetic mugus, you Southie monkeys are the biggest disgrace to Africa the world has ever known.

iterator24:
lets leave what? you want to run away like your other lost cause compatriots .. BEE theives ..all the companies I gave you have invested on the continent and abroad.... don't provide us alien washed up companies dummy

Ok lets do this and see were it will get us...

Do you know what BEE is? or are you talking stinging bee.

Black Economic
Empowerment

Black Economic Empowerment (BEE ) is
a programme launched by the South
African government to redress the
inequalities of Apartheid by giving certain
previously disadvantaged groups (Blacks,
Coloureds, Indians, and Chinese who
arrived before 1994 )of South African
citizens economic privileges previously not
available to them. It includes measures
such as Employment Preference , skills
development, ownership, management,
socioeconomic development, and
preferential procurement.


you see Blacks, Indians,Chinese and Colourds, NOT black people only dumb nigga.


Name 5 countries in africa and abroad that have investments from the companies you mentioned..

ChukwuCantDie:
You fool, why are boasting of some insignificant investment companies and tiny mines, Wesizwe isn't even black owned anymore it's owned by the Chinese now. You Zulus and Xhosas don't own one airline, you don't own one supermarket, you don't own one major oil or gas company, you dont own one car maker, you don't own one fast food chain, you don't own one major farm, you don't own one major business, you have no one like Dangote, Innocent Chukwuma, Mike Adenuga etc.. you people are pathetic mugus, you Southie monkeys are the biggest disgrace to Africa the world has ever known.

Jesus Christ whats with the outburts!!
Those compainies are insignificant to WHO?
and who owns those companies you mentioned??
There you go again dangote again...

Dont use SAcan slangs, you arent SAcan.

Now answer the question.

kgr28:


Ok lets do this and see were it will get us...

Do you know what BEE is? or are you talking stinging bee.

Black Economic
Empowerment

Black Economic Empowerment (BEE ) is
a programme launched by the South
African government to redress the
inequalities of Apartheid by giving certain
previously disadvantaged groups (Blacks,
Coloureds, Indians, and Chinese who
arrived before 1994 )of South African
citizens economic privileges previously not
available to them. It includes measures
such as Employment Preference , skills
development, ownership, management,
socioeconomic development, and
preferential procurement.


you see Blacks, Indians,Chinese and Colourds, NOT black people only dumb nigga.


Name 5 countries in africa and abroad that have investments from the companies you mentioned..

you have Google use it... I don't answer to thieves

kgr28:


Leading economy kikikikikikikikikiki, Balancing accounting numbers did not change the status quo! things are still worse than Somalia.. did it change your gdp per capita, stardard of living or are you still broke like before.

Any way you are number one I agree but hold that position/umbrella for the rightfull owner...just so you could have something to brag about, Gdp numbers and Dangote..

yes.. the leading economy... its painful eh

kgr28:



Jesus Christ whats with the outburts!!
Those compainies are insignificant to WHO?
and who owns those companies you mentioned??
There you go again dangote again...

Dont use SAcan slangs, you arent SAcan.

Now answer the question.

What is SAcan slangs? All those companies you named are small time, stup1d zulu.

iterator24:
yes.. the leading economy... its painful eh

Nah its NOT... at least you have something to brag about.

kgr28:


Nah its NOT... at least you have something to brag about.

what do you have to brag about? BEE? Hahahahaa

ChukwuCantDie:
What is SAcan slangs? All those companies you named are small time, stup1d zulu.

Who owns them??, is Kumba Iron Ore and Gijima small?? stop drinking your own piss.

kgr28:



Jesus Christ whats with the outburts!!
Those compainies are insignificant to WHO?
and who owns those companies you mentioned??
There you go again dangote again...

Dont use SAcan slangs, you arent SAcan.

Now answer the question.

companies you use to boast amongst your Soweto people... yay! we have companies ....lol thieves

iterator24:
what do you have to brag about? BEE? Hahahahaa

Did BEE pain you or are you trying to mock me??. Am proud the white SAcans are exploiting your black-azzes in nigeria.

iterator24:
companies you use to boast amongst your Soweto people... yay! we have companies ....lol thieves

?? write english

kgr28:


Did BEE pain you or are you trying to mock me??. Am proud the white SAcans are exploiting your black-azzes in nigeria.

dummy explain exploitation? mtn has a Nigerian competitior, dstv has a Nigerian competitor etc.. define exploitation again? please

kgr28:


?? write english

two Nigerian owned banks


en.m.wikipedia.org/wiki/First_Bank_of_Nigeria
en.m.wikipedia.org/wiki/Zenith_Bank

with representative offices in SA ..

show us such establishments by your Soweto brothers

not hand me down companies

iterator24:
you have Google use it... I don't answer to thieves

There is none!!

iterator24:

two Nigerian owned banks


en.m.wikipedia.org/wiki/First_Bank_of_Nigeria
en.m.wikipedia.org/wiki/Zenith_Bank

with representative offices in SA ..

show us such establishments by your Soweto brothers

not hand me down companies

two banks?? and what else?
Hahahahahahahahahahaha! Give me addresses I want to see them pernosally.

kgr28:

two banks?? and what else?
Hahahahahahahahahahaha! Give me addresses I want to see them pernosally.

no, not two banks.... those banks have investments abroad even guarantee trust bank and many more


banks in Nigeria
www.nigeria-law.org/BanksInNigeria.htm.

your Soweto brothers have none.. all your banks are provided by apartheid government. fact!

kgr28:


There is none!!

you have failed! go and die!.. we freed you from aparthied, we even gave you a forum to comment on [one of the world's largest]... hahahaha

iterator24:
dummy explain exploitation? mtn has a Nigerian competitior, dstv has a Nigerian competitor etc.. define exploitation again? please

Those compitators are local champs they have shyt on Dstv and mtn..Mtn and dstv global players..

Consult Oxford dictionary.

Again find time to read this.


Nigeria vs. South
Africa: How South
African companies
enjoy the best of
both worlds
font size Print
Email
 06.May.2014
| DISQUS_COMMENTS
|  Paul Omorogbe
The recent rebasing of Nigeria’s
economy, making it the largest
economy in Africa has attracted a
lot of hue and cry. While the
critiquing continues, South African
companies have been riding the
waves of the two top economies
in Africa and they have been
smiling to the bank (actually one
of them is a bank!). How can
Nigerian companies do same?
PAUL OMOROGBE reports:
For the first time in a long while,
it was good news that made the
headlines of Monday’s
newspapers in Nigeria. “Nigeria
now Africa’s largest economy” was
the common headline of almost all
the national dailies.
The size of Nigeria’s economy
expanded by more than three-
quarters to an estimated N80
trillion ($488 billion) for 2013,
Yemi Kale, head of the National
Bureau of Statistics, said at a
news conference to release the
data in Abuja. According to
calculations based on the new
data, Nigeria’s economy grew at
12.7 per cent between 2012 and
2013.
The NBS recalculated the value of
the GDP based on production
patterns in 2010, increasing the
number of industries it measured
to 46 from 33 and giving greater
weighting to sectors such as
telecommunications and financial
services. The oil and gas sector
contributed 14 percent of GDP
under the new set of data,
compared with 32 percent under
the old.
The criticisms
Economists have criticised the
recalculation exercise for its
lateness; some said it changes
nothing while others hailed it for
giving a true picture of the state
of the economy. Politicians, social
critics, public commentators have
also added their voices to the
discourse since the news broke.
In an interview with the Nigerian
Tribune, Dr Ayo Teriba of
Economic Associates, interpreted
the outcome of the rebasing to
mean that the level of output of
the Nigerian economy had been
underestimated. “The rebasing has
been able to capture some aspects
of the economy that were
previously unrecorded,” Dr Teriba
pointed out.
A financial analyst, Bismarck
Rewane, called the revisions “a
vanity”. He added that “The
Nigerian population is not better
off tomorrow because of that
announcement. It doesn’t put
more money in the bank, more
food in their stomach. It changes
nothing.”
But while much talk and debate
continues till date, it is interesting
to note that a set of people have
since been working leaving much
of the populace talking.
The Incursion
The South Africans have made a
successful incursion into the
Nigerian economy even at a time
Nigerians themselves have either
failed to realise or lacked what it
took to take up the opportunities
in the nation’s emerging economy.
While the focus has been on oil, in
certain sectors of the economy
seen not to be lucrative the South
Africans made their entry, and
today they stand out.
An investigation by Nigerian
Tribune was quite revealing.
In telecommunications, MTN is
undoubtedly a major player.
Commanding about 47 per cent of
the market share according to a
report, while the trio of Airtel, Glo
and Etisalat share the rest 53 per
cent, MTN seems to be the clear
leader.
MTN Group, formerly M-Cell, is a
South Africa-based multinational
mobile telecommunications
company, operating in many
African, European and Middle
Eastern countries.
On its entry, MTN nominated Mr
Pascal Dozie (of Diamond Bank) as
its own chair of its Nigerian
operations to tap into local
expertise and secure backing.
In banking, there is Stanbic IBTC.
Stanbic IBTC Holdings is a
member of Standard Bank Group.
Standard Bank Group merged its
Nigerian operations, Stanbic Bank
Nigeria with that of IBTC
Chartered Bank PLC in 2007 to
create Stanbic IBTC Bank PLC. The
merger was executed by way of
the first ever tender offer in
Nigeria and a $525 million FDI,
the largest in Nigerian financial
history.
The bank, now known as Standard
Bank, was formed in 1962 as a
South African subsidiary of the
British overseas bank, Standard
Bank, under the name Standard
Bank of South Africa.
In 1969, the Standard Bank
Investment Corporation (now
Standard Bank Group) was
established as the holding
company of the South African
bank. During the 1970s and 1980s,
Standard Chartered gradually
reduced its shareholding, and sold
its remaining 39 per cent stake in
Standard Bank Group in 1987,
transferring complete ownership of
the holding company to South
African investors.
The retail market business in
Nigeria has not remained the
same since Shoprite stepped in. It
literarily redefined what
supermarket meant to many
Nigerians.
The Shoprite Group of companies
started from South Africa in 1979
with the purchase of a chain of
eight supermarkets in Cape Town
for 1 million Rand. The next 30
years were marked by various
acquisitions and innovative
expansion strategies that brought
it to the multi billion dollar
business that Shoprite is today.
The company opened its first
Nigerian store on Victoria Island in
Lagos. There are about seven
branches in Nigeria today, and
many more are set to open.
DSTV is undoubtedly the king of
entertainment and broadcasting
today. Constantly adapting in
terms of content and technology,
this South African company has
edged out any rival and till date
no other Nigerian company comes
near in terms of digital satellite
TV services.
Whither Nigerian entrepreneurs
Ajaero Tony Martins, on his blog,
MyTopBusinessideas.com listed
challenges in doing business which
Nigerians are quite familiar with.
Lack of infrastructure, inadequate
security, inconsistent government
policies, inability to access funds,
lack of governmental support are
some of the challenges listed.
He, however, noted that “Nigeria
is a country blessed with human,
mineral and natural resources.
When it comes to starting a
business in Nigeria, the potential
is so great that any investor or
entrepreneur will be tempted to
jump in with both feet without
first testing the waters.
“A reasonable proof that Nigeria
holds huge potential for
entrepreneurs and investors is the
fact that we have an abundance of
successful entrepreneurs who
started from scratch and built
massive business empires without
leaving the shores of Nigeria.
“I am talking about successful
entrepreneurs and Nigerian
billionaires such as Aliko Dangote,
Cletus Ibeto, Femi Otedola, Orji
Uzor Kalu, and so on. The fact that
Nigeria once produced the richest
black man in the world further
proves that there is money to be
made in Nigeria; if only you
understand her business terrain.”
So the question is, why have South
African companies dominated in
sectors Nigerian companies have
not? How come they can leave
their home shores and make it big
in a foreign land?
Dr Austin Nweze of the Pan
Atlantic University (Lagos Business
School), when speaking with
Nigerian Tribune on the subject,
started by saying that South
Africa, after the Apartheid regime,
opened its gates to the rest of the
world to formally do business with
the country. He explained that the
government of South Africa did
some marketing on behalf of its
indigenous businesses and these
businesses began to branch out
across Africa.
He mentioned Promasidor, makers
of the popular Cowbell brand of
milk, as one of the early arrivals in
Nigeria led by a South African
entrepreneur, Robert Rose.
“Don’t forget that Nigerians are
the ones who bring in these
businesses,” he added. “Pascal
Dozie was the one who brought in
MTN. They were looking into
Nigeria and Foluso Phillips’
consulting firm did the preliminary
studies for the company.
“It was the efforts of Robert Rose
and the huge success of MTN that
gave other South African
companies the courage to come
into Nigeria and realise that there
was a huge opportunity in Nigeria,
because the five or 10 year
projection that MTN did they were
able to accomplish in one year.
Nigeria became the major source
of profit and revenue for the
global operations of MTN.”
The problems
Identifying reasons why Nigerians
have not made similar success like
the South Africans, Mark Essien,
an IT entrepreneur, put it
succinctly, saying “Lots of our
businesses don’t have the
technical know-how or the
financial capital to do so.”
Furthermore, “If you look at it on
the general societal level, I think
there is a habit of ‘short term
thinking’ in Nigeria. I think it is
from our past. We are people who
have been through a lot of
changes in government, and things
just happened randomly. Whatever
you plan in one year somebody
could come and decree it out of
existence. So on a societal level,
we have only been able to think on
a short term.
“But to be able to create a
successful and large business you
ne

kgr28:


Who owns them??, is Kumba Iron Ore and Gijima small?? stop drinking your own piss.

Kumba Iron Ore is white owned you stup1d monkey. Shareholders of Kumba Iron Ore are: Anglo American plc (63.4%), Industrial Development Corporation of South Africa Ltd (13.1%), Minority shareholders (23.5%) http://en.wikipedia.org/wiki/Kumba_Iron_Ore

Gijma is black owned but also white run - http://www.gijima.com/general/about-gijimaast/board-directors ..You stup1d monkeys cant do anything by yourselves.

Try again mugu mumu mugu mumuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuu

iterator24:
you have failed! go and die!.. we freed you from aparthied, we even gave you a forum to comment on [one of the world's largest]... hahahaha

Kikikikikikikikiki, now we are going back and forth, its apartheid now ?? we can also talk about shoes mos. NL is a local forum. am done with you, Fotsek.

ChukwuCantDie:
Kumba Iron Ore is white owned you stup1d monkey. Shareholders of Kumba Iron Ore are: Anglo American plc (63.4%), Industrial Development Corporation of South Africa Ltd (13.1%), Minority shareholders (23.5%) http://en.wikipedia.org/wiki/Kumba_Iron_Ore

Gijma is black owned but also white run - http://www.gijima.com/general/about-gijimaast/board-directors ..You stup1d monkeys cant do anything by yourselves.

Try again mugu mumu mugu mumuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuu

Does it say white IDE is a black government institution and that minority is BEE consortium.. what were you saying again.

I mean those nigerian compines have shareholders too, who knows who owns them it could be whites in europe,SA and Amerika.

Nedbank aslo owns Eco-bank, what were you saying again..

Check your outbursts, heart-attch.

kgr28:


Yes I googled!! A company owns that airline, who knows who are the real shareholders, they could be whites in amerika or Uk, just using nigerian name to complement.. aint that a bia!tch.

What do you own as nigerians, what do you really own? Oil?? NO, BP and Chevron do...

Exploitation of the higestest proportion...

NNPC Nigeria owns majority and controlling shares in our oil and gas.

We have nationalized BP into AP, then into Oando owned by Nigerians. Our own independence and freedom is a complete package, on paper, in reality on ground, in politics, in finance and economy. The richest Africa and one of the richest men in the world is a Nigerian black man, we own our wealth, we rule our economy. South African blacks did not get that full freedom and they NEVER will.

CONOIL and other 100% Nigerian owned and managed oil companies, created by Nigerians from scratch, control large oil production fields.

Globacom is a a world player, 100% Nigerian creation, rules telecoms in Ghana, and expanding to other African countries.

Dangote group of companies is 100% Nigerian and it is swallowing up South African economy slowly but steadily.

100% black created, owned, and managed Nigeria companies are many, and with big business branches all over Africa.

Southie companies are just hand me down from your apartheid Boer white masters, Nigerian forced them to give it to you and save you from hunger, poverty, humiliation, and dehumanization, now you come here to open your basket mouth and boast, ingrates !
.

agaugust:


NNPC Nigeria owns majority and controlling shares in our oil.

We have nationalized BP into AP, then into Oando owned by Nigerians.

CONOIL and other 100% Nigerian owned and managed oil companoes, created by Nigerians from scratch, control large oil production fields.

Globacom is a a world player, 100% Nigerian creation, rules telecoms in Ghana, and expanding to other African countries.

Dangote group of companies is 100% Nigerian and it is swallowing up South African economy slowly but steadily.

100% black created, owned, and managed Nigeria companies are many, and with big business branches all over Africa.

Southie companies are just hand me down from your apartheid Boer white masters, Nigerian forced them to give it to you and save you from hunger, poverty, humiliation, and dehumanization, now you come here to open your basket mouth and boast, ingrates !
.

You am not going to entertain.. there are people who will handle you.

kgr28:


Those compitators are local champs they have shyt on Dstv and mtn..Mtn and dstv global players..

Consult Oxford dictionary.

Again find time to read this.


Nigeria vs. South
Africa: How South
African companies
enjoy the best of
both worlds
font size Print
Email
 06.May.2014
| DISQUS_COMMENTS
|  Paul Omorogbe
The recent rebasing of Nigeria’s
economy, making it the largest
economy in Africa has attracted a
lot of hue and cry. While the
critiquing continues, South African
companies have been riding the
waves of the two top economies
in Africa and they have been
smiling to the bank (actually one
of them is a bank!). How can
Nigerian companies do same?
PAUL OMOROGBE reports:
For the first time in a long while,
it was good news that made the
headlines of Monday’s
newspapers in Nigeria. “Nigeria
now Africa’s largest economy” was
the common headline of almost all
the national dailies.
The size of Nigeria’s economy
expanded by more than three-
quarters to an estimated N80
trillion ($488 billion) for 2013,
Yemi Kale, head of the National
Bureau of Statistics, said at a
news conference to release the
data in Abuja. According to
calculations based on the new
data, Nigeria’s economy grew at
12.7 per cent between 2012 and
2013.
The NBS recalculated the value of
the GDP based on production
patterns in 2010, increasing the
number of industries it measured
to 46 from 33 and giving greater
weighting to sectors such as
telecommunications and financial
services. The oil and gas sector
contributed 14 percent of GDP
under the new set of data,
compared with 32 percent under
the old.
The criticisms
Economists have criticised the
recalculation exercise for its
lateness; some said it changes
nothing while others hailed it for
giving a true picture of the state
of the economy. Politicians, social
critics, public commentators have
also added their voices to the
discourse since the news broke.
In an interview with the Nigerian
Tribune, Dr Ayo Teriba of
Economic Associates, interpreted
the outcome of the rebasing to
mean that the level of output of
the Nigerian economy had been
underestimated. “The rebasing has
been able to capture some aspects
of the economy that were
previously unrecorded,” Dr Teriba
pointed out.
A financial analyst, Bismarck
Rewane, called the revisions “a
vanity”. He added that “The
Nigerian population is not better
off tomorrow because of that
announcement. It doesn’t put
more money in the bank, more
food in their stomach. It changes
nothing.”
But while much talk and debate
continues till date, it is interesting
to note that a set of people have
since been working leaving much
of the populace talking.
The Incursion
The South Africans have made a
successful incursion into the
Nigerian economy even at a time
Nigerians themselves have either
failed to realise or lacked what it
took to take up the opportunities
in the nation’s emerging economy.
While the focus has been on oil, in
certain sectors of the economy
seen not to be lucrative the South
Africans made their entry, and
today they stand out.
An investigation by Nigerian
Tribune was quite revealing.
In telecommunications, MTN is
undoubtedly a major player.
Commanding about 47 per cent of
the market share according to a
report, while the trio of Airtel, Glo
and Etisalat share the rest 53 per
cent, MTN seems to be the clear
leader.
MTN Group, formerly M-Cell, is a
South Africa-based multinational
mobile telecommunications
company, operating in many
African, European and Middle
Eastern countries.
On its entry, MTN nominated Mr
Pascal Dozie (of Diamond Bank) as
its own chair of its Nigerian
operations to tap into local
expertise and secure backing.
In banking, there is Stanbic IBTC.
Stanbic IBTC Holdings is a
member of Standard Bank Group.
Standard Bank Group merged its
Nigerian operations, Stanbic Bank
Nigeria with that of IBTC
Chartered Bank PLC in 2007 to
create Stanbic IBTC Bank PLC. The
merger was executed by way of
the first ever tender offer in
Nigeria and a $525 million FDI,
the largest in Nigerian financial
history.
The bank, now known as Standard
Bank, was formed in 1962 as a
South African subsidiary of the
British overseas bank, Standard
Bank, under the name Standard
Bank of South Africa.
In 1969, the Standard Bank
Investment Corporation (now
Standard Bank Group) was
established as the holding
company of the South African
bank. During the 1970s and 1980s,
Standard Chartered gradually
reduced its shareholding, and sold
its remaining 39 per cent stake in
Standard Bank Group in 1987,
transferring complete ownership of
the holding company to South
African investors.
The retail market business in
Nigeria has not remained the
same since Shoprite stepped in. It
literarily redefined what
supermarket meant to many
Nigerians.
The Shoprite Group of companies
started from South Africa in 1979
with the purchase of a chain of
eight supermarkets in Cape Town
for 1 million Rand. The next 30
years were marked by various
acquisitions and innovative
expansion strategies that brought
it to the multi billion dollar
business that Shoprite is today.
The company opened its first
Nigerian store on Victoria Island in
Lagos. There are about seven
branches in Nigeria today, and
many more are set to open.
DSTV is undoubtedly the king of
entertainment and broadcasting
today. Constantly adapting in
terms of content and technology,
this South African company has
edged out any rival and till date
no other Nigerian company comes
near in terms of digital satellite
TV services.
Whither Nigerian entrepreneurs
Ajaero Tony Martins, on his blog,
MyTopBusinessideas.com listed
challenges in doing business which
Nigerians are quite familiar with.
Lack of infrastructure, inadequate
security, inconsistent government
policies, inability to access funds,
lack of governmental support are
some of the challenges listed.
He, however, noted that “Nigeria
is a country blessed with human,
mineral and natural resources.
When it comes to starting a
business in Nigeria, the potential
is so great that any investor or
entrepreneur will be tempted to
jump in with both feet without
first testing the waters.
“A reasonable proof that Nigeria
holds huge potential for
entrepreneurs and investors is the
fact that we have an abundance of
successful entrepreneurs who
started from scratch and built
massive business empires without
leaving the shores of Nigeria.
“I am talking about successful
entrepreneurs and Nigerian
billionaires such as Aliko Dangote,
Cletus Ibeto, Femi Otedola, Orji
Uzor Kalu, and so on. The fact that
Nigeria once produced the richest
black man in the world further
proves that there is money to be
made in Nigeria; if only you
understand her business terrain.”
So the question is, why have South
African companies dominated in
sectors Nigerian companies have
not? How come they can leave
their home shores and make it big
in a foreign land?
Dr Austin Nweze of the Pan
Atlantic University (Lagos Business
School), when speaking with
Nigerian Tribune on the subject,
started by saying that South
Africa, after the Apartheid regime,
opened its gates to the rest of the
world to formally do business with
the country. He explained that the
government of South Africa did
some marketing on behalf of its
indigenous businesses and these
businesses began to branch out
across Africa.
He mentioned Promasidor, makers
of the popular Cowbell brand of
milk, as one of the early arrivals in
Nigeria led by a South African
entrepreneur, Robert Rose.
“Don’t forget that Nigerians are
the ones who bring in these
businesses,” he added. “Pascal
Dozie was the one who brought in
MTN. They were looking into
Nigeria and Foluso Phillips’
consulting firm did the preliminary
studies for the company.
“It was the efforts of Robert Rose
and the huge success of MTN that
gave other South African
companies the courage to come
into Nigeria and realise that there
was a huge opportunity in Nigeria,
because the five or 10 year
projection that MTN did they were
able to accomplish in one year.
Nigeria became the major source
of profit and revenue for the
global operations of MTN.”
The problems
Identifying reasons why Nigerians
have not made similar success like
the South Africans, Mark Essien,
an IT entrepreneur, put it
succinctly, saying “Lots of our
businesses don’t have the
technical know-how or the
financial capital to do so.”
Furthermore, “If you look at it on
the general societal level, I think
there is a habit of ‘short term
thinking’ in Nigeria. I think it is
from our past. We are people who
have been through a lot of
changes in government, and things
just happened randomly. Whatever
you plan in one year somebody
could come and decree it out of
existence. So on a societal level,
we have only been able to think on
a short term.
“But to be able to create a
successful and large business you
ne

yes let them enjoy it, we have a lovely investment policy, we don't steal equities by force like you black mofos.. ur apartied bank bought shares in a Nigerian owned bank just to have presence.. show us achievements of your Soweto companies ..oh wait..... they're not even worth it!

iterator24:
yes let them enjoy it, we have a lovely investment policy, we don't steal equities by force like you black mofos.. ur apartied bank bought shares in in a Nigerian owned bank just to have presence.. show us achievements of your Soweto companies ..oh wait..... they're not even worth it!

Who stole equities,There is no corporate espionage here... Shares are bought and sold on JSE.. Nigerian owned?? Banks are owned by individuals and firms, SA bank is one of them...

THERE ARE NO SOWETO,SANDTON OR CAPE TOWN companies, SOUTH AFRICAN COMPANIES...