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South Africa over throws Nigeria as Africa’s largest economy

David Kugonza by David Kugonza
August 11, 2016
in News
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South Africa over throws Nigeria as Africa’s largest economy
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South Africa has regained the title of Africa’s largest economy, two years after Nigeria rebased its economy to claim the spot, according to IMF data.

A recalculation using current exchange rates put South Africa on top because the rand has strengthened against the dollar.

Related articles

Besigye, Mukaaku finally granted bail

NRM CEC seats today to vet EALA aspirants

Nigeria’s currency has fallen sharply since a peg to the dollar was dropped.

But BBC Africa Business Report editor Matthew Davies says both economies could be on the brink of recession.

David Kugonza

David Kugonza

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Besigye, Mukaaku finally granted bail

Besigye, Mukaaku finally granted bail

July 1, 2022

NRM CEC seats today to vet EALA aspirants

July 1, 2022
UNATU vows to drag gov’t to court if teachers are fired

Striking teachers set for more gov’t talks today

July 1, 2022
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