Africa Business and News World

South African Businesses in Nigeria and Other African Countries open their doors once again

A customers carries a Shoprite-branded shopping bag inside a Shoprite Holdings Ltd. store in Johannesburg, South Africa, on Friday, Aug. 12, 2011. Christo Wiese, whose net worth is an estimated $1.6 billion according to Forbes Magazine, controls Shoprite Holdings Ltd., Africa’s largest grocer, and holds more than a third of Brait SA, the biggest South African private equity company. Photographer: Nadine Hutton/Bloomberg
Following wide scale xenophobic attacks on persons and properties of South African immigrants from other African countries, South African business establishments across Africa once more open their business doors again
 
“Shoperte said several stores in South Africa, Nigeria and Zambia were unable to open on for sometime because of protests. MTN, the country’s biggest mobile-phone company, closed Lagos offices following retaliatory attacks at some operations.”
 
Pepkor Holdings Ltd., which sells clothing closed its 21 outlets in Lagos and some more in Lusaka Zambia. One of its stores in Lagos was completely looted according to the report.
 
“A statement from MTN Nigeria Chief Executive Officer Ferdi Moolman said the group “strongly condemns hate, prejudice and xenophobia and reiterate our unequivocal condemnation of all violence.”
 
Hooligans and vandals in South Africa destroyed “more than 50 shops and business premises, mainly owned by Africans from elsewhere on the continent”.”Cars and properties were torched and widespread looting took place” some people from other African countries were reportedly killed.
 
These attacks were carried out against only people from other African countries, while the Chinese, Asians, Indians, Europeans which controls over 80 percent of the South African economy were were not attacked

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