SA can regain biggest economy in Africa position: Economist

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Nigeria’s economy overtaking South Africa’s
can be attributed to the fact that it is a major oil producer.(REUTERS)

Chief Economist at Efficiency group, Dawie Roodt says South Africa can easily become the biggest economy in Africa again.

The National Bureau of Statistics says Nigeria will rebase its GDP on Sunday. This move will boost its estimated size by anything from around 40 to 70%, and is almost certain to push it ahead of South Africa to become Africa's biggest economy.



Roodt says in order for South Africa to be the biggest economy in Africa, it has to have right micro economic policies.

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 He says South Africa’s economy is much more sophisticated than Nigeria’s economy. Nigeria’s economy overtaking South Africa's can be attributed to the fact that it is a major oil producer on the continent.

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This article first appeared on the SABCNews site. It was done by Sthembiso Sithole.