Emergency exit | Will recent unrest trigger divestment of key firms?

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Recent unrest, characterised by looting and damage to businesses, is set to cost South Africa R50 billion in GDP.
Recent unrest, characterised by looting and damage to businesses, is set to cost South Africa R50 billion in GDP.
GCIS

As businesses – especially those based in KwaZulu-Natal and Gauteng – pick up the pieces from several days of devastating unrest and looting, they face the decision of whether to stick it out in an underperforming economy or cut their losses.

The Toyota Motor Co. was first to voice concern about its future in SA, sending a letter to the eThekwini municipality requesting an action plan from local government. It has since said it received a positive response from the city and the province in the form of a recovery roadmap.

During a meeting with business leadership on Tuesday, President Cyril Ramaphosa said now, more than ever, South Africa needed united action across the economy and society to drive investment and inclusive growth.

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In light of the recent looting, do you think a basic income grant is the right approach to deal with SA’s hunger and poverty problems?
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It will go a long way in helping fight the symptoms of SA’s entrenched inequality, especially for those who are starving right now
20% - 1456 votes
SA’s problems are complex, and we instead need to spend that money on building and growing our economy, which will help the country in the long run
31% - 2261 votes
All grants are a problem as they foster a reliance on handouts
49% - 3573 votes
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