Police arrest people involved in a looting spree in Jabulani Mall, Soweto. Picture: SOWETAN/ANTONIO MUCHAVE
Our host Mudiwa Gavaza is joined by Shawn Theunissen, president of the Johannesburg Chamber of Commerce and Industry . Theunissen says this week’s events were disappointing and it will take a long time to recover , especially for small and black-owned businesses. From the data received so far, JCCI estimates that over 800 retail stores have been looted resulting in R5bn worth of damage just in that sector.
Through a written submission, we also hear from the National African Federated Chamber of Commerce and Industry , which was meant to be part of the discussion.
Source: News Formal (newsformal.com)
Insurances to payout and the Govt to address SMMEs that lost out, refer to books / admin since the Govt can pay Approx a Billion out of the blue. So blacks' poverty, desperation and essential needs aren't acute or critical enough!
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