NewStats: 3,261,559 , 8,174,379 topics. Date: Thursday, 29 May 2025 at 04:22 PM 314oo6z3e3g |
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Black people currently own the least amount of land for agriculture in the country In a move to correct the injustices of the past, the South African government is releasing underutilised state-owned land for public ownership, with the aim to sell most of the land to Black farmers. Past laws that were implemented before the apartheid era and heavily enforced during apartheid prohibited Black people from owning or leasing land, which led to most of the agricultural land in South Africa being owned by white people. Although they form the majority of the population, Black South Africans currently own the least amount of land for farming and agriculture (4%), followed closely by Indian people (5%) — in comparison, white people own 72% of farms and agricultural holdings owned by individuals, according to Africa Check. In his weekly newsletter this week, President Cyril Ramaphosa highlighted that broadening access to agricultural land is a national priority. “By [previously] depriving our people of their right to own and work the land on which they depended for sustenance and livelihood, this great injustice effectively ‘engineered the poverty of Black South Africans,’” the president stated. The Department of Agriculture, Land Reform, and Rural Development (DLRD) announced that they will be releasing 896 state-owned farms for public purchase, or to lease over a period of 30 years. In order to make sure that the land is used for farming purposes, the lease will be non-transferrable. The government aims to prioritise Black farmers in this process. The process also shines a light on women, the youth, and people with disabilities in order to further level the land-ownership playing field. “We must also ensure that farmers are ed along the road to sustainability and profitability,” President Ramaphosa continued. Financial management and enterprise development training will be supplied by the government for inexperienced farmers so that they can learn to maintain the land and continue to turn a profit, he added. There are more benefits to this process than correcting historical injustice, it also aims to job creation and improve food security in the country. Although this seems to be a step in the right direction, critics believe that there is a lot more state-owned land for redistribution than what the government is providing. This reportedly comes as a result of state-owned enterprise and national provider of electricity, Eskom, attaching 139 farms to its assets as collateral for the debt it owes. Eskom has defended this move by stating that it had to do with a plan to collect debt from the public. The new land reform process has been launched and the South African public will be able to buy state land as soon as it is d for purchase in the coming weeks. “The ultimate goal of releasing these land parcels is to transform the agricultural landscape by growing a new generation of farmers,” said President Ramaphosa. “They must heal the deep divisions of our past,” he continued. “They must dispel the stereotype that only white farmers are commercially successful in South Africa, and that Black farmers are perpetually ‘emerging’.” https://www.globalcitizen.org/en/content/black-farmers-south-africa-land-reform-farming/?template=next |
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daisy002: Exactly 1 Like |
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Eviana: exactly I agree, in the african American community the damage is irreversible now especially when Pro-black politics are stuff down black American women throats. So the african American women who are the Pro-black types and only want black men will suffer the most from this sadly cause they will be competing for with women who are their men number one preference physically which in most cases doesn't include them. The only Black American women that will escape it are the ones who leave the community and open their options for all races of men, most of those black women are the "female first" black women and they are not the majority, they don't allow race politics to control who they chose as partners, they are more individualistic. When it comes to Black african countries, like Nigeria the result of colorism breeds skin bleaching and thats why it's high in Nigeria. I think with Nigerian women including other african women, they maybe tribal loyal to an extent but not race loyal to a fault to men who push them aside for women who is non-brown skinned and non-dark skinned black, they open their options when the opportunity presents themselves. |
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@Eviana Many Nigerian guys also (right here on Nairaland) "add fuel to the fire" by constantly praising the women they deem "exotic" and degrading the beautiful Nigerian females. This is the main reason why it's a issue, I'm not denying western cultures influence but when black men themselves especially in the western world practice colorism against their women then the response from Black women trying to mimic the image of what black men even are chasing after then this was inevitable. Black american women are a great example of this, colorism has spread like wildfire in their community and glorified that most black american men prefer non-black women. |
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Thanks @ nifanaturals1
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Hezzyluv: LOL |
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ahmad8428: Love is Blind and Tiger king is good |
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CeterisXVII: Interesting lets hope his replacement is up to the standards of how Shoprite is or it will come down to the something. 1 Like |
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byinks: you have a point 1 Like |
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88Craze: Good question and I don't have the answer, this world is going crazy. I guess we should be happy Nollywood is still booming with jobs and making money even though they have lost money due to the lockdown. Lets hope Nigeria has a replacement when Shoprite leaves unless they change their mind. |
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Karlifate: What planet are you living in, its people like you that are allowing COVID-19 to spread ![]() |
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interesting, lets hope its successful after they implement all these rules
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While the announcement of the imminent exit of South Africa’s retail giant, Shoprite, from Nigeria may have come to many as a surprise, available data have shown that weakness in purchasing power, foreign exchange hitches and intense competition were some of the major factors that informed the decision, if the firm’s scorecard for the year ended June 28, 2020 was anything to go by. Also, the supermarket’s non-South African segment had also been experiencing currency devaluations. For Nigeria, the naira depreciated from N360 pre-COVID to N460 in June before hitting its current N475 to the United States dollar. While the company was believed to be doing well in of local currency, it was, however, haemorrhaging on the foreign front, as exchange rates kept undermining its financial status. Already, an insider told The Guardian that the main challenges were forex volatilities and high cost of doing business in the most populous black nation, adding that the new deal would be structured in a way that encourages emergence of more franchisees and deters monopoly. Although the brand could be retained, the source noted that while Artee Group, the owners of SPAR Nigeria licence might get the majority shareholding in the proposed mart, the deal, is however, open to as many willing rich Nigerians and investors. Besides the fact that the superstore caters mostly for the middle class in a conducive environment, a decline in earnings and household incomes as well as growth in rival brands like Supersaver, Ebeano, D’Prince, Hubmart, Spar and others had diminished its market share. Also in the exit drama is another South Africa’s retailer, Mr. Price, which has said it wanted to focus on its home country’s domestic market’s largest economy. With lower returns and rising unemployment, many fast moving consumer goods companies (FMCGs) have developed business models that leverage the efficiency of the informal markets to push their products instead of keeping them on the shelf. Shoprite opened its first store in Nigeria in December 2005 and now has 26 of them across eight states, including the Federal Capital Territory (FCT). It also claimed to have employed more than 2,000 persons, 99 per cent of them, which are allegedly Nigerians. The closure could affect over 300 value chain operators and suppliers. Having spent 15 years in the country, Shoprite Holdings Limited claimed customers’ visits for the year dipped by 7.4 per cent due to the COVID-19 lockdowns. It added that outside South Africa, sales only increased by 0.1 per cent, while it recorded an auction decrease of 1.4 per cent for the year. According to the report, the non-South Africa operation, excluding Nigeria, contributed a paltry 11.6 per cent to the group’s sales. https://guardian.ng/news/why-shoprite-is-quitting-nigerias-retail-market/ |
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oluwadabira222: True but the disadvantages will have more of impact short term when it comes to jobs but long term it depends on how the Nigerian Government will respond with finding a replacement for Shoprite in Nigeria. |
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88Craze: Thats not what BBC and CNN is saying |
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88Craze: Thats not what BBC and CNN is saying |
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Africa's biggest supermarket chain, South African-owned Shoprite, says it is considering pulling out of Nigeria. It said it was looking at selling all "or a majority stake" of its operations in Africa's most-populous country. Shoprite is the latest South African retailer to look at leaving Nigeria - clothing firm Mr Price announced its exit in June, and Woolworths in 2014. Shoprite's decision comes at a time when Nigeria's economy is struggling amid the coronavirus pandemic. Economists from the World Bank have warned that the oil-rich country could be on the brink of its worst recession since the 1980s because of "the collapse in oil prices coupled with the Covid-19 pandemic". Shoprite said lockdown restrictions because of coronavirus had affected its operations in 14 African countries, with sales declining by 1.4% in those markets. Its South African operations on the other hand witnessed "significant growth". The retailer has also been battling currency-induced inflation surges - especially in Nigeria, where it has been hit hardest. Shoprite employs at least 2,000 people in Nigeria. The retailer's stores in the capital, Abuja, and the commercial hub, Lagos, became a flashpoint for outrage in 2019, following violent attacks in South Africa on other migrants from elsewhere in the continent. The National Association of Nigerian Students (Nans) - which represents university students at campuses across the country - picketed branches of Shoprite and South African telecoms giant MTN, turning away staff and customers. The student body demanded that all South African-owned businesses leave the West African state. Why Shoprite has struggled in Nigeria Analysis by Nduka Orjinmo, BBC News, Lagos Shoprite's failure in Nigeria is not surprising, the shiny shopping malls with escalators where its outlets are located are more popular for taking pictures than actual shopping. Though it is regarded as a working-class supermarket in South Africa, most here consider it as catering to the upper classes. Tens of millions of Nigerians are poor or unemployed - and the minority who have the spending power to shop at Shoprite have seen their finances take a battering because of the coronavirus pandemic. These are hard times for businesses, but the slow growth at Shoprite Nigeria predates the pandemic. Consumers here want quality services, but they want it on the cheap. https://www.bbc.com/news/world-africa-53637506# |
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South African retail giant ShopRite says it may sell 'all or a majority stake' in Nigeria business (CNN)South Africa's supermarket retailer, ShopRite, has announced it is considering a sale of "all or a majority stake" of its business in Africa's biggest economy, Nigeria, 15 years after it opened in the West African country. In a statement released Monday, the company said it is re-evaluating its operating model and has been approached by many investors willing to take over its Nigerian stores. It added that it has decided to initiate a formal process to consider the sale of all or a majority stake in its retail supermarkets in the country. "Retail Supermarkets Nigeria Limited may be classified as a discontinued operation when ShopRite reports its results for the year. Any further updates will be provided to the market at the appropriate time," read the statement. CNN ed ShopRite but the company declined to comment beyond the content of the statement. The company, with more than 2,900 outlets across Africa, also released its trading statement for 52 weeks to end June. In the trading statement, it announced that its South African division grew by 8.7% while sales at its supermarkets outside South Africa (excluding Nigeria) fell by 1.4%. Tough business climate Since its launch in December 2005, ShopRite has expanded its stores across Nigeria, employing more than 2,000 people, many of whom are Nigerian. The company also built relationships with multiple Nigerian suppliers, small businesses, and farmers as a way of ing local job creation, its website said. Over the years, the company has faced a number of challenges in Nigeria's tough business climate, including the looting of its stores in response to xenophobic attacks against other African nationals in South Africa. In 2019, protesters set fire to many entrances leading into a busy mall housing ShopRite, looting groceries and toiletries from the Supermaket in Lagos, Nigeria's commercial center. Nigerians have taken to social media to express concerns about possible job losses if the retail giant closes its operations in the country. "So Shoprite is leaving Nigeria, thousands of people will be without jobs now, other thousands depending on those people's incomes," one Twitter wrote. ShopRite's planned exit comes after Mr. Price, another South African brand, closed its Nigerian stores, according to a Bloomberg report. The company CEO, Mark Stirring, announced that Mr. Price closed its market in the country after reevaluating its strategy, to focus on its home market in South Africa. https://www.cnn.com/2020/08/03/africa/shoprite-nigeria-exit-intl/index.html |
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Lamasta: I agree especially in todays climate with jobs |
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Lamasta: Amen, I have lots of respect for him doing this cause it helps Nigeria in the long run 2 Likes 1 Share |
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Femi Otedola, Nigerian businessman and philanthropist who recently paid a visit to the Aliko Dangote’s multi-billion-dollar refinery and fertilizer projects in the Lekki Free Trade Zone disclosed that the refinery is 75 percent near completion. On the current state of other projects in the refinery, Otedola explained that the petrochemical unit is also 60 percent complete. In an Instagram post on Sunday, February 23, 2020, the Nigerian businessman revealed that “Dangote Refinery and Petrochemicals Limited did a test run of its fertilizer plant which is the second-largest in the world after that of Qatar.” Otedola further commended the Dangote Industries Limited team for a job well done, stating that Aliko Dangote’s dream of making the local refinery “the 8th wonder of the world,” is gradually evolving. The facility which was initially projected to be ready by 2020 has been moved to H1 2021. Upon completion, the Dangote Refinery which is situated on 6,180 acres (2,500 hectares) of land is expected to be Africa’s biggest oil refinery and the world’s biggest single-train petroleum facility. The refinery will be able to process 650,000 barrels of crude oil per day into refined petroleum products which will help Nigeria become an oil refining country, not just an oil exporter. Nigeria currently imports the majority of its refined petroleum due to a lack of domestic refining capacity in the country. With this new facility, Nigeria’s refining capacity will double and help in meeting the increasing demand for fuels while providing cost savings. The refinery’s location at Lekki Free Trade Zone along the coast of the Atlantic Ocean will allow for smooth transhipment of refined petroleum products to international markets, and ultimately eliminate the overreliance of fuel import from other regions into Nigeria. Estimated to cost about $18billion, the refinery will produce Euro-V quality gasoline and diesel, as well as jet fuel and polypropylene. During different phases of the project, a total of 4,000 direct and 145,000 indirect jobs will be generated. International and local contractors like MAN Diesel & Turbo, Schneider Electric, C&I Leasing, Honeywell UOP, and Air Liquide Engineering & Construction have benefitted from the building of the refinery. Similarly, the high unemployment rate in Nigeria which is estimated to reach 33.5 percent this year, will diminish as the refinery is set on employing citizens of the country especially young people to handle different areas in the facility. http://venturesafrica.com/dangote-refinery-africas-largest-oil-facility-nears-completion/ 1 Like 1 Share |
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Cousin9999: Nope I'm Nigerian American not Oyinbo so you shut up. Also stop responding to me, take your mental issues some place else 2 Likes |
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Ovie56: I am not saying Nigerians are perfect cause we have issues in Nigeria & our community but African americans do have issues with Africans. I was bullied by black american boys in elementary school all the way to early high school years cause I was Nigerian American, so I've experienced negativity from them. Many of them also blame Africans for selling them into slavery and many of them have issue when foreign blacks not embracing their black racial mentality. However to me in my opinion Ghetto Black Americans and White trash(including other racist whites of other classes) are in the same level to me. 3 Likes |
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Ovie56: Most African Americans are not going to Africa and could careless to because they consider America their home which is true, only a very small population will and many of them are going to Ghana, South Africa and Gambia any way, so I don't think Nigerians should be bothered. 4 Likes |
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googi: Cause many of them are starving and looking for a job, so other things are irrelevant to them, you should know this by now. |
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Ghana is the only country so far in Africa that has done programs for African Americans to resettle in Ghana for more then a decade now so it shouldn't be a surprise Ghana shows up in the diaspora for George Floyd's funeral. https://www.youtube.com/watch?v=YgUzVQw9gbM 1 Like |
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EdoNation: This is not a surprise cause Ghana is a Pan-africanist Nation and has been inviting African Americans for the past decade to their nation, so nobody should be surprised that Ghana did that, I see nothing wrong with it though. https://www.youtube.com/watch?v=YgUzVQw9gbM https://www.youtube.com/watch?v=HP1wH9rpNHQ https://www.youtube.com/watch?v=4jFviE37E2Y https://www.youtube.com/watch?v=IqoqhruujN4 |
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naijazee2: I didn't even know Mexico had it, interesting. Lets hope Nigeria maintains it |
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panafrican: doesn't surprise me either but Gaddafi had it coming to be honest. |
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