South Africa unrest hits 40 000 businesses

KwaZulu-Natal and Gauteng are South Africa's most populous provinces and account for half of the country's Gross Domestic Product (GDP).

22 July 2021 | Business

Damage to businesses is still being assessed in Gauteng province, which includes the economic hub of Johannesburg. Khumbudzo Ntshavheni, Minister: SA

At least 40 000 South African businesses were looted, burnt or vandalised during widespread rioting that broke out after the jailing of ex-president Jacob Zuma, the government said Tuesday.

Hundreds of shopping centres and warehouses in KwaZulu-Natal (KZN) province were ransacked beginning on July 9.

The rampage later spread to Johannesburg, inflicting a devastating blow to an economy already battered by the coronavirus.

Khumbudzo Ntshavheni, minister in President Cyril Ramaphosa's office, told reporters that "40 000 businesses were affected" in KZN.

The total losses to the national economy are estimated to be R50 billion, according to a government statement.

In KZN, 161 malls and a similar number of liquor outlets and distributors were "extensively damaged", Ntshavheni said.

More than 200 shopping centres and 100 malls were looted or burnt, while at least 1 400 ATMs were damaged and 300 banks and post offices vandalised in the south-eastern province.

Meanwhile a total of 90 pharmacies were destroyed "beyond revival" as the country grapples with a brutal coronavirus third wave.

GDP

Ramaphosa told business leaders Tuesday that "there is virtually no part of the economy that has not been affected by the violence".

Damage to businesses is still being assessed in Gauteng province, which includes the economic hub of Johannesburg, Ntshavheni said.

KwaZulu-Natal and Gauteng are South Africa's most populous provinces and account for half of the country's Gross Domestic Product (GDP).

Ramaphosa has admitted that his government was "not sufficiently" prepared for violence and that security forces could have responded quicker.

The violence has abated after claiming 215 lives, the government said, with no incident reported over the past 24 hours.

At least 200 of more than 2 500 suspects have appeared in court for looting and public violence. The unrest erupted after Zuma began serving a 15-month jail term for snubbing a corruption inquiry. - Nampa/AFP

Similar News

 

O&L Leisure takes ‘urgent rescue measures’

2 days ago - 23 July 2021 | Business

Jo-Maré Duddy – The basic salaries of nearly 500 employees of O&L Leisure will be cut by between 25% and 50% for the next three...

Meeting the legal needs of people

2 days ago - 23 July 2021 | Business

Rivaldo Kavanga The firm is a general law practice. Their main areas of practice are criminal defence, labour law, commercial litigation, corporate governance, administrative law,...

Breathing deep

2 days ago - 23 July 2021 | Business

During the first week of the Breathe Namibia campaign, Agra and Woermann, Brock & Co staff handed over more than 50 Oxygenators to recipients in...

Authentically Namibian

2 days ago - 23 July 2021 | Business

Jeanette DiergaardtCompany Profile In April 2003, Sisa Namandje...

Company news in brief

2 days ago - 23 July 2021 | Business

Tesla mints nickel deal with BHPAnglo-Australian mining firm BHP said yesterday it had reached a deal to provide Tesla with supplies of nickel - a...

O&L Leisure to temporarily close two lodges

3 days ago - 22 July 2021 | Business

Jo-Maré Duddy - As part of “urgent rescue measures to safeguard the future sustainability of its business and mitigate the risk of the impact on...

South Africa unrest hits 40 000 businesses

3 days ago - 22 July 2021 | Business

At least 40 000 South African businesses were looted, burnt or vandalised during widespread rioting that broke out after the jailing of ex-president Jacob Zuma,...

COMPANY NEWS IN BRIEF

3 days ago - 22 July 2021 | Business

BHP considering exiting oil business Global miner BHP Group is considering getting out of oil and gas in a multibillion-dollar exit as it looks to...

COMPANY NEWS IN BRIEF

4 days ago - 21 July 2021 | Business

DHL to deploy longer distance drones Logistics giant DHL is working with Bulgarian aircraft developer Dronamics on rolling out cross-border and inter-city drones aimed at...

COMPANY NEWS IN BRIIEF

5 days ago - 20 July 2021 | Business

Nigeria chooses Dangote to import sugarNigeria has designated three companies, including Dangote Sugar Refinery, as the country's sole importers of sugar, the central bank said,...

Latest News

Bridging the healthcare divide saves...

2 days ago - 23 July 2021 | Columns

Celia Sofia StephanusIn December 2019, Covid-19 became something for the world to worry about. It was no longer something that was just happening in Asia....

Give me Namibia’s unemployment problem...

2 days ago - 23 July 2021 | People

Wetumwene Shikage She was born in Katutura, in a settlement known as Gemeente, which she describes with pride saying that after apartheid during...

Border posts’ revenue in Zambezi...

2 days ago - 23 July 2021 | Economics

Border posts in Zambezi recorded a 26% decrease in revenue during the 2020/21 financial year, regional governor Lawrence Sampofu has said.Delivering his State of the...

Making his way up the...

2 days ago - 23 July 2021 | People

Desiree GasesEddie King was born and raised in the Western Transvaal town of Klerksdorp. He grew up in a home with loving, committed and hard-working...

Maria Louw manages an integral...

2 days ago - 23 July 2021 | People

Michelline NawatisesAfter being at Paratus for 14 years, Maria Louw considers herself to be “part of the furniture”, but Paratus considers her part of the...

Meeting the legal needs of...

2 days ago - 23 July 2021 | Business

Rivaldo Kavanga The firm is a general law practice. Their main areas of practice are criminal defence, labour law, commercial litigation, corporate governance, administrative law,...

EDITORIAL: Namibia must listen to...

2 days ago - 23 July 2021 | Opinion

The oil search in the Kavango East Region gives Namibia another glimmer of hope for a prime resource breakthrough, but this has not been without...

Breathing deep

2 days ago - 23 July 2021 | Business

During the first week of the Breathe Namibia campaign, Agra and Woermann, Brock & Co staff handed over more than 50 Oxygenators to recipients in...

Emilia Eino takesing up her...

2 days ago - 23 July 2021 | People

Emilia Eino has been in the ICT industry for the past ten years. She first served as a development planner responsible for ICT infrastructure development...

Load More