Yohan wrote:Mike1488 wrote:Kradmelder wrote:Johan, that is more or less a good summary.
What hard work? South Africans got rich from mining and mineral-processing like Arabs got rich from oil you uneducated baboon. They brought in millions of Africans to do all the work while they paid them in peanuts effectively dividing the economy into a privileged white one, and an impoverished black one.
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Why would upper middle class whites go to black areas with no running water to commit crime? Are you mentally retarded? Also, the economy of South Africa is the second largest in Africa, after Nigeria. So much for your brain.
There is no law in South Africa since many years already, which says a white man can do, but a black man cannot.
As a result of your wrong logic you might expect the South African economy to boom with so many black people around, but so far very little economic progress has been seen since the abolition of apartheid in 1991.
What changed was more to the worse and not to the better, despite all international sactions against South Africa were removed.
About whites going to a black area to commit crimes, there are white poor people too in South African who are criminals, and believe it or not, some black people who are living in the SAME country called South Africa are very rich.
Nowadays South Africa is not anymore white=rich / black=poor. Your entire conception is totally wrong.
About Nigeria vs. South Africa, Nigeria is a highly corrupt, per capita a low income country under the entire control of black African people. Criminality of Nigerians is known worldwide. While the economy might be larger than those of South Africa, there are many more non-productive people to feed and not to talk about all these religious violence between Christians and Muslims. If you think, Nigeria is better off than South Africa - only because of their petroleum fields and because their population is 4 times higher than you are misguided and have no idea how economic figures are calculated. Income/living standard in Nigeria calculated per person including purchasing power is less than the half of those in South Africa.
Like I said before, you should really consider a job in fake news
viewtopic.php?f=1&t=33311 as you're pretty ignorant and stupid (autism). The 1994 post apartheid government inherited a militarize plantation with blacks doing all the work for peanuts. 50% of all gold ever mined on earth came from South Africans. However, If you can't pay your workforce $1 for every $300 dollars you make (like before), your economy doesn't boom. Now lets break down some of your stupidity... the stuff that is at least addressable one by one. Unlike you, I make over $50,000/mo from investing. In investing, knowledge is king.
1. Little economic progress? Based on what? The rantings of some greedy plantation owner forced to give up a bit of income for the betterment of his country? South Africa, like other emerging markets, has struggled through the late 2000s recession, and the recovery has been largely led by private and public consumption growth, while export volumes and private investment have yet to fully recover. The long-term potential growth rate of South Africa under the current policy environment has been estimated at 3.5%. Per capita GDP growth has proved mediocre, though improving, growing by 1.6% a year from 1994 to 2009, and by 2.2% over the 2000–09 decade. The high levels of unemployment, at over 25%, and inequality are considered by the government and most South Africans to be the most salient economic problems facing the country. Which is what they are addressing. You don't go from a plantation to modern economy overnight

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2. Obviously you know next to nothing about about Africa. Nigeria is a middle income, mixed economy and emerging market, with expanding manufacturing, financial, service, communications, technology and entertainment sectors. It is ranked as the 21st largest economy in the world in terms of nominal GDP, and the 20th largest in terms of Purchasing Power Parity. It is the largest economy in Africa. Although much has been made of its status as a major exporter of oil, oil only contributes about 9% to the GDP. Nigeria produces only about 2.7% of the world's oil supply (In comparison, Saudi Arabia produces 12.9%, Russia produces 12.7% and the United States produces 8.6%). Although the petroleum sector is important, it remains in fact a small part of the country's overall vibrant and diversified economy.
Botswana, Gabon and Mauritius ARE ranked as an upper-middle-income economy by the World Bank. Botswana formerly one of the poorest countries in the world—with a GDP per capita of about US$70 per year in the late 1960s—Botswana has since transformed itself into one of the fastest-growing economies in the world. The economy is dominated by mining, cattle, and tourism. Gabon, abundant petroleum and foreign private investment have helped make Gabon one of the most prosperous countries in Sub-Saharan Africa, with the 4th highest HDI and the third highest GDP per capita (PPP) (after Equatorial Guinea and Botswana) in the region. GDP grew by more than 6% per year from 2010 to 2012.
The resource requirements of China will only continue to drive the development Africa. Of course, most people are too stupid to take advantage of this. A person could make 5x to 6x more in Africa than they could in Asia or Europe.