16.2 C
Cape Town
Tuesday, June 2, 2026

Gauteng and Kwa-Zulu Natal riots could cost SA about R 50-billion in lost output

Published on


Add Smile FM on Google

The Presidency says the deadly riots in Gauteng and Kwa-Zulu Natal last week could cost the country about R 50-billion in lost output.

The Presidency earlier cited estimates from the South African Property Owners Association.

About 200 malls were targeted and some 3-thousand shops were looted during the protests, while 200 banks and post offices were vandalized.

Meanwhile, the Western Cape MEC for community safety Albert Fritz has lauded the co-operation of everyone here, to prevent the public violence from spilling over to the Western Cape.

Latest articles

Schools in Eden and Central Karoo to Close Amid Severe Weather Warning

  Schools across the Eden and Central Karoo Education District will be closed on Wednesday, 3 June, and Thursday, 4 June, due to severe weather...

UCT Signs Landmark Renewable Energy Deal

 The University of Cape Town has signed a long-term renewable electricity supply agreement with Discovery Green, becoming the first public university in South Africa...

McKenzie says PA expected Liam Jacobs’ exit

 Patriotic Alliance leader and Sports, Arts and Culture Minister Gayton McKenzie says the party anticipated Liam Jacobs's departure long before he announced his return...
error: Content is protected !!