LAST month marked the celebration of Oliver Tambo, the ninth and longest-serving president of the ANC. Renowned for his gentle humility, punctilious perfectionism and understated wisdom, he led the party between 1967 and 1991. At his funeral in 1993, Nelson Mandela described Tambo as "a great giant who strode the globe like a colossus".
South African businesses have woken up to the potential of Nigeria, expanding into its consumer markets, food, construction and banking sectors. However, these two giants are both united and divided by a continent, sharing little of each others’ business culture or market structure.
JOHANNESBURG - Mr Olusegun Aganga, Nigeria’s Minister of Trade and Investment, has urged Nigeria and South Africa to take advantage of the window of opportunities available in their economies to strengthen economic growth in the continent. Aganga stated this at a dinner dialogue organised by the Nigeria Consulate in South Africa on 15 November 2012.
LAGOS - The acquisition of a 63.35% stake in Dangote Flour Plc by Tiger Brands of South Africa signalled the renewed interests of foreign investors in marketable Nigerian brands. Earlier, Tiger Brands had bought 49% stake in UAC Foods in addition to owning 100 per cent equity in Deli Foods, these are some of the deals the South African company has executed in Nigeria in recent times.
Nigeria and South Africa have led economic integration and development, as well as peacekeeping and peacebuilding efforts, in their respective sub-regions, and in other parts of Africa. Their partnership represents the continent’s most strategic bilateral relationship.
LAGOS (Reuters) - Passengers arriving at Murtala Mohammed airport in Lagos could be forgiven for thinking they had stumbled into a refugee camp. In a big white tent a throng of people struggle with luggage in the sapping heat and humidity. In front of makeshift service counters they form something that might be a queue but looks more like a scrum. The only clue that this is one of the most important domestic air terminals serving Africa's second-biggest economy and top oil producer is that many wear business suits.