Today's Labour News

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presidencyTimesLIVE reports that the violent protests and looting that broke out in the wake of former president Jacob Zuma's incarceration has cost the KwaZulu-Natal (KZN) economy R20bn.

This rampage — which included damaged property, setting alight factories and trucks and looting — spiralled into what government has since labelled a “failed insurgency”. The protests rapidly moved to Gauteng and followed a similar trend. Addressing the media on Tuesday, acting minister in the presidency, Khumbudzo Ntshavheni, said the damage to factories and retail facilities would hurt the economy. Citing figures from the SA Property Owners' Association, she said the estimated losses would be “R20bn in KZN”. “In terms of extensive damage, 161 malls were affected, 11 warehouses, eight factories affected and 161 liquor outlets and distributors were extensively damaged,” Ntshavheni indicasted. She reported that a further 200 shopping centres were looted while more than 100 malls were burnt or sustained significant fire damage. Further data will still be collected on the protests in Gauteng. Ntshavheni reckoned that as a result of the damage, 150,000 jobs were at risk in KZN.

  • Read the full original of the report in the above regard by Aphiwe Deklerk at TimesLIVE

Read too, Ntshavheni says the jobs of 150,000 people are at risk, at News24


Get other news reports at the SA Labour News home page