Sunganani

A non regular citizen… I use this space to express my own thoughts and ideas!

[Sunganani @EspanholIgor]

@TGLetter BTC

[Taegun Lee @TGLetter]

I said that if $BTC dumped to $81,000, I’d give away $20,000 in Bitcoin to 15 people.

Well, we made it.

As promised, I’m giving away $20,000 in $BTC to 15 lucky winners today.

To enter:
✅ Like
✅ Retweet
✅ Comment “BTC” 🔔

Entries close in 24 hours. Good luck!

[Sunganani @EspanholIgor]

@MariusOosthuiz7 @ErnstRoets @LexLibertasOnX 👏🏽👏🏽👏🏽👏🏽👏🏽

[Sunganani @EspanholIgor]

@magattew Mummu

[Sunganani @EspanholIgor]

@Rdiasmz Supply and demand, parece-me que um dos motivos da escolha do presente é a idade dele. Isso diz um pouco sobre o que se pensa sobre a cultura de leitura do país. Se não temos muita gente “jovem” a ler fica difícil vender livros a preços acessíveis, sem mercado.

[Sunganani @EspanholIgor]

@S_Harudzibwi A fully grown ass man being so disgusting just because of some pennies. Or perhaps a full grown child

[Sunganani @EspanholIgor]

@nxpsv Sorry to not sorry man! Infelizmente a probabilidade de uma pessoa pobre continuar pobre é muito alta! Até que consigas reduzir algumas “pobrezas” (time poverty, scarcity poverty etc) algo muito pouco provável para muitos na nossa realidade! “Conheceis a verdade e seja livre.”

[Sunganani @EspanholIgor]

@asemota I always enjoy your posts Big Chief! You’re a gem in this platform, big hugs from Mozambique 🇲🇿

[Osaretin Victor Asemota @asemota]

I was talking with my wife yesterday morning about family and legacy and how things can go completely wrong when you don't think big enough. I was looking at that massive house the Nigerian rich guy built in the 70s and wondering what would have happened if he lived simpler and invested that money in other assets. The thing is, we will never know. He lived his best life and was happy.

In the 80s, a relative spent $900m to build a wood-processing factory in Benin City, largely funded by cash generated from their wood-export business—with very little financing. I don't think that factory is functional today. I only learned yesterday for the first time that he had passed away. His first son left the family business early and broke out on his own. He never really made as much money as his father did. His father was the biggest Edo timber baron.

I still remember visiting them every Christmas with my Dad, and I recall the hold the man had on local politics and the lumber and rubber industry. All of that is gone now; he and my dad have both passed away. Just like wealth, influence is ephemeral.

They made the right move to start processing locally for export after exporting raw lumber and rubber for a while, but things didn't eventually pan out. One particular mistake I think they made was not investing enough in the talent pipeline and depending solely on outsiders. The factory had a lot of technical issues, and their boiler for the wood dryer blew up once.

When it came to capital, they also didn't invest enough in other industries like banking, which was ramping up in Nigeria in the 90s to hedge their bets. Many rich people invested in the young bankers, and it paid off.

Also, unlike Chief Ibru and others, they didn't invest in other countries and in other currencies to hedge against currency risks. In their Benin home in the 90s, my cousins used to boast that they had a “safe of last resort” that held the cash equivalent in Naira of $20 million at the time. If all else failed, the family had that cash to build up from.

Banks were failing in Nigeria at the time, so I understood that ultimately flawed logic. The man was not literate, so he made those kinds of blunders. His son, however, had a PhD, but he left to run his own business.

In contrast to my relatives, when Oceanic Bank was being set up. Chief Ibru wired only a million pounds in to pay for the license. He had diversified wisely. His wife and kids eventually ran the bank, but it is now defunct. So, maybe they both still suffered the same fate.

All of this happened to very wealthy Nigerian families that I know very well within my lifetime. Did I learn lessons from them? I don't know yet. I have been reviewing all I have done in the last two decades, and I don't have $20m cash in a safe and can't yet wire £1m to start a bank.

Chief Ibru told me point blank what to do over 20 years ago. If I had invested in fisheries, as he advised and as the late Emmanuel Ijewere corroborated, would my life have been different? Maybe. Instead, I didn't listen, and I invested in tech startups.

Those startups have created wealth on paper but largely unrealized. One thing is for sure: even when they are realized, I won't be overinvesting in the same asset class again. I don't want to make the mistake of having $20m cash in a safe. This is exactly what digital assets were for me with FTX. I was wiped out. Startup investments aren't that different from crypto or stocks, and they are riskier.

If I survive it all this time around, I will listen to Chief Ibru and sell fish, but maybe in a different “asset-light " way. It is important to read the signs. Learn from the good and avoid the bad. Always be learning.

[Hopewell Chin’ono @daddyhope]

This is the level of stupidity, my dear brother, that makes black Africans a laughing stock. It is people who peddle this kind of foolishness that make the rest of the world laugh at us.

You have a problem with a Mozambican opening the same business as yours in your community, yet you never ask yourself why that Mozambican’s business is thriving. You never ask why your own people, not Mozambicans, choose to support that business.

You never ask whether that person is legally allowed to operate such a business based on the visa or permits they hold. None of those questions cross your mind. You simply rush to xenophobia and Afrophobia.

You have no problem with British Airways competing with South African Airways inside South Africa. You have no problem with multinational companies coming into South Africa and competing with local businesses. You have no problem with foreign-owned corporations making profits in South Africa.
But the moment someone who looks like you, speaks like you, and may even share the same ethnic roots as you opens a business in your neighbourhood, you become angry.

The only difference is that this competitor looks like you and comes from across an artificial border drawn by colonial powers.

If a South African company owned largely by foreign shareholders opens a shop in your community, you have no issue with it because you do not even understand how ownership structures work.
If I bought controlling shares in a South African company, you would probably still think it is a purely South African business. That is how shallow and uninformed this thinking is.

So you rush to insult and attack people who look like you simply because they look like you. Nothing more, nothing less.

And let us make an educated guess. People like you will now tell me that I should only comment on Zimbabwe because I was born there and hold a Zimbabwean passport.

Yet when Sky News says exactly the same things I say, you have no problem with it because it is a white-owned organisation. When the BBC says the same thing, you have no issue with it either, because it comes from a western country.

That tells us that the problem is not my nationality. The problem is that many Africans have been conditioned to accept criticism and analysis from outsiders, but become hostile when it comes from fellow Africans.

If you have ears to hear, then you already know the point I am making.

Frantz Fanon would have been deeply critical of your kind of thinking. In books such as Black Skin, White Masks and The Wretched of the Earth, he argued that colonialism did not only occupy land; it also colonised the minds of the oppressed.

He wrote about what he called the internalisation of colonialism; where the oppressed begin to see themselves and people like themselves as the enemy, while viewing former colonial powers more favourably. He warned that colonial borders and colonial ways of thinking could turn Africans against one another.
He was right, people like you have made his work and predictions come to pass!

[Andrew Tate @Cobratate]

GM

[Wode Maya ® @wode_maya]

I hope they don’t detain them at the airport like they always do to African travelers🙏🏾

[Sunganani @EspanholIgor]

@nxpsv 🤣🤣🤣🤣

[Trevor Noah @Trevornoah]

I don’t always agree with Julius Malema but this statement on Xenophobic attacks in SA is perfect.

[Sunganani @EspanholIgor]

@nxpsv Teu logo, design, branding para Kutiva estavam lá a ser apreciados com malta ministros! Ou seja muitas vezes é também onde estás e quem consegue apreciar o seu trabalho e deixar-te crescer! Infelizmente temos os dois lados, mas o mais comum é o pior por conta da nossa disfunção.

[Sunganani @EspanholIgor]

@Taryl_Ogle IN

[Tristan Tate @TateTheTalisman]

Promoting chess. ✅

Making it look cool. ✅

Great outfit. ✅

Let the guy make his content, I don’t understand some of the hate and backlash here.

Your daughters are twerking at every other location on earth to promote their onlyfans pages.

But THIS offends you?

Relax.

[Sunganani @EspanholIgor]

@nxpsv Estás a ver nem 🤣

[Sunganani @EspanholIgor]

Epa, em conclusão, para quem ainda não casou, pelo menos tens o poder de tomar uma decisão econômica boa ou má para si e a família que vais criar ao decidires o tipo de parceiro que vais escolher! O resto infelizmente já foi “gerido” agora é so aguentar

[Sunganani @EspanholIgor]

A Little History of economics de Niall Kishtainly, provavelmente um dos melhores livros que li este ano, sendo uma pessoa leiga nesta matéria.

[Sunganani @EspanholIgor]

Estás decisões nos condenaram a um outro caminho, que infelizmente pode ser difícil, a não ser que todos nos tornemos economistas, mas aí sou eu a sonhar.