Categories: AFRICABusinessLatest

South Africa’s Continued Riots Could Cost Zimbabwe $25 million

Authorities in Zimbabwe say the country’s economy will lose up to $25 million if the ongoing riots in South Africa continue for another week.
That’s according to Takunda Mugaga, president of the Zimbabwe National Chamber of Commerce who says disruptions of routes into Zimbabwe have affected the movement of goods between the two countries.
Speaking to the SABC in Harare, Mugaga says the sustained riots will also lead to job losses, which will affect immigrant workers from Zimbabwe.
Crowds of people have been looting shops and malls in Gauteng and KwaZulu-Natal.
There has also been torching of trucks, stoning of cars, and the destruction of other key infrastructure.
Ten people have been confirmed dead following the ongoing riots with extra police officers and the army being deployed to quell the unrest.

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