Can South Africa and Nigeria kiss and make up? Because there’s money to be made

South Africa and Nigeria have the largest, but also amongst the slowest growing economies on the Continent.

Their relationship is complicated and strained.

It is therefore crucial for Africa’s leading countries to find ways of deepening trade and investment and building business partnerships.

The South Africa-Nigeria Business Chamber hosted the South Africa-Nigeria Investment Conference in Sandton on Monday as part of its mandate to build bridges between the two countries.

In 2017, South Africa exported goods and service valued at R5.7 billion to Nigeria against imports – mostly oil - worth R22.8 billion.

The keynote speaker was top Nigerian economist and analyst Dr Doyin Salami.

The line-up also featured Ralph Mupita (CFO of MTN, the most prominent South African investor in Nigeria), Sola Adegbesan (Standard Bank), Celeste Fauconnier (Rand Merchant Bank), Nick Ndurito (Allan Gray), Sifiso Nzimande (Transnet), Margaret Dawes (Sanlam Pan African) and Alan Mukoki (SACCI).

The Money Show’s Bruce Whitfield interviewed Dianna Games (Chief Executive, Africa At Work) about the conference.

Listen to the interview in the audio below.

Get the 10 most-read articles of the week from Bruce Whitfield’s The Money Show, emailed to you every Friday morning:

Subscribe to our Business Wrap Newsletter


Recommended

by NEWSROOM AI
Read More
TymeBank CEO Sandile Shabalala quits

TymeBank CEO Sandile Shabalala quits

Shabalala says he wants to spend more time with his family. Bruce Whitfield interviews portfolio manager Kokkie Kooyman (Denker).

Average salary in SA is R6400 per month, but 70% of workers earn less

Average salary in SA is R6400 per month, but 70% of workers earn less

About 29% of workers earn less than the R3500 national minimum wage, says Anish Shivdasani, CEO at Giraffe.

'Elephant in the room is labour law and the labour movement'

'Elephant in the room is labour law and the labour movement'

The Money Show's Bruce Whitfield interviews economists Andrew Levy (Andrew Levy Employment) and Dr Azar Jammine (Econometrix).

Investec gives staff unlimited leave days and freedom to wear what they want

Investec gives staff unlimited leave days and freedom to wear what they want

The bank rewards innovation with substantial bonuses and pays according to output not hours at work, says Lesley-Anne Gatter.

How to never-ever fall prey to ID theft… and info about a free service if you do

How to never-ever fall prey to ID theft… and info about a free service if you do

The Money Show’s Bruce Whitfield interviews Manie van Schalkwyk, Executive Director at The South African Fraud Prevention Service.

You are dying – quite literally – for a paycheque

You are dying – quite literally – for a paycheque

Ian Mann on “Dying for a Paycheck: How Modern Management Harms Employee Health and Company Performance..." by Jeffrey Pfeffer.

Popular articles
Meet the women who ensured that the Boks were in top form to bring home the cup

Meet the women who ensured that the Boks were in top form to bring home the cup

The all-female team of sports physiotherapists played a key role in the management team backing the Boks during the World Cup.

Allan Gray (81) passes away

Allan Gray (81) passes away

Allan Gray – founder of Africa’s largest privately-owned asset manager - has passed away after suffering a heart attack.

Caller defends Sho Madjozi's two-channels statement

Caller defends Sho Madjozi's two-channels statement

Eusebius McKaiser and callers debate issues from the Sho Madjozi to the Springboks.

Coffee shop owner bans laptops on weekends, accused of bullying

Coffee shop owner bans laptops on weekends, accused of bullying

Khabazela shares tweets and Facebook posts that have gone viral.

Granny rescues 13-year-old girl chased away from home by mom

Granny rescues 13-year-old girl chased away from home by mom

Khabazela shares tweets and Facebook posts that have gone viral.

BEE has not worked, says Capitec CEO

BEE has not worked, says Capitec CEO

Capitec CEO Gerrie Fourie explains the challenges the bank, named Top 100 Company of the Year, faces.

'Aarto Act could be used by Sanral to enforce e-toll compliance'

'Aarto Act could be used by Sanral to enforce e-toll compliance'

Justice Project SA chair Howard Dembovsky says the act presumes a motorist to be guilty until he or she proves they are innocent.

[VIDEO] Port Elizabeth gets an eyeful of Faf's famous SA-flag speedo

[VIDEO] Port Elizabeth gets an eyeful of Faf's famous SA-flag speedo

Faf de Klerk threatened to upstage his captain when he showed off his patriotic 'broeks' in PE on the Springbok victory tour.