Rand Helps South Africa Overtake Nigeria

Authors

No authors found

Share this

Share on twitter
Share on facebook
Share on linkedin
Share on whatsapp
Share on email

Currency movement helps South Africa overtake Nigeria as the largest economy in Africa

South Africa is now Africa’s largest economy again by gross domestic product (GDP) measured in US dollars, overtaking Nigeria.

South Africa’s GDP at the end of 2015 is $301bn at the rand’s current exchange rate whereas Nigeria’s is $296bn (source: International Monetary Fund). The South African rand recently gained over 16% against the dollar and Nigeria’s naira has weakened by over a third of its value.

Read the full article here on Fin24

Rand Helps South Africa Overtake Nigeria

Recent news

Update: South Sudan

Update: South Sudan

South Sudan currently does not have any IP laws in…