The effects of the unrest in SA

By
Nompilo Hadebe
BPO - Accounting Manager
April 17, 2023
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As a result, chaos and panic flooded the atmosphere of citizens across Gauteng and Kwa-Zulu Natal. Having the state response failing to quell the unrest, private security companies, taxi drivers, armed civilians and vigilante groups took the law enforcement duties into their own hands to protect businesses and communities from unrest and looting.

The country was not ready for the unrest that took place this year in July. A lot of businesses were affected, especially retailers, manufactures, franchises and small business owners in the townships.

The unrest caused a deep financial strain on households especially those who were dependents on bread winners who lost their jobs because of such acts. Not only jobs, but many lives were also lost and others faced several injuries. Essential workers such as medical practitioners could not go to work leaving those that were hospitalized to fend for themselves. Some were too ill to even take care of themselves.

A lot of businesses that were not insured have suffered a great loss as some have slowly started operations, while most have not opened yet. This has resulted in a spike in the existing high unemployment rate.

Having mentioned the great loss on the business sector we cannot forget the economical loss and damage. For such a loss we pay a great deal through price hikes on petrol, groceries, and other basic necessities.

South Africa being the only country which provides funding for acts such as the unrest, there are funds available to businesses that were affected and did not have insurance, to name a few, IDC, NEF, and SEFA.