Andile Ntingi is the chief executive and co-founder of GetBiz, an e-procurement and tender notification service.
In the aftermath of the widespread looting of shops and businesses that took place across many parts of Gauteng and KwaZulu-Natal in July, there has been a flurry of insightful debates about the importance of developing low-income and unemployment-afflicted townships. For over a week in July, South Africans were glued to their TV screens, watching thousands of people ransacking and pillaging shopping malls and small businesses in an orgy of violent unrest the country has not seen since the early 1990s.
After the dust had settled, more than 300 people had lost their lives while R50bn worth of damage had been unleashed on property and infrastructure in what President Cyril Ramaphosa described as a “failed insurrection”.Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.
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BUSINESS MAVERICK: Going bust: Insolvencies spike after July riots and lockdowns knock finance and tourismInsolvencies in SA between May and July jumped by nearly 130% compared with the same period in 2020, according to data from Statistics South Africa.
Source: dailymaverick - 🏆 3. / 84 Read more »
Motivation behind July unrest was political — Chamber of BusinessThe Pietermaritzburg Chamber of Business has questioned the use of socioeconomic inequalities as the reason behind the massive looting that took place during the July 12 unrest in KwaZulu-Natal and Gauteng. My 3 year old has been sleeping hungry for the past two days💔. I'm currently looking for employment and my family is suffering. Please assist us with any food you dont need or food nearing their expiry date. I'm a man yes but I'm a father too💔😔 Absolutely DEMON CYRIL Ramaphosa and the corrupt ANC don't like the truth . Their members are to blame period. I think it's was wrong for looting 2 happen 2 businesses because this looting should have been directed to politicians who are main looters of our democracy rights, economic is poor but their banks balances are floating with tax money & bribes to support looters of our resources
Source: SowetanLIVE - 🏆 13. / 63 Read more »