“Wholesale, retail and motor trade were negatively affected by the widespread looting and destruction that gripped KwaZulu-Natal as well as Gauteng. Retail businesses were the most affected.”
The transport and communications industry didn’t escape unscathed. Road freight transport into and out of KZN was severely disrupted by the violence.that disrupted operations at SA ports and dealt a further blow to the motor trade. And in response to the rapid spread of the Covid-19 Delta variant, the country was placed on alert level 4 lockdown from June 28 to July 25.
Several domestic airlines recorded flight cancellations after leisure travel restrictions imposed by the tighter regulations.The finance industry increased economic activity by 1.2%. General government expanded by 0.4%, attributed to a rise in employment in local government and extrabudgetary accounts and funds.Stats SA also measures the expenditure side of GDP, providing an indication of total demand in the economy. This includes measures of household expenditure, government expenditure, investment , and net exports.“The looting and closure of retailers in KwaZulu-Natal during the civil disorder resulted in food shortages.
It was an absolute disgrace and cost the country billions. It closed businesses and people lost their jobs and livelihood
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