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The impact of unrest on KwaZulu-Natal’s economy
We do know that the province that suffered the most damage during the unrest in South Africa last week is KwaZulu-Natal. And with that damage comes uncertainty and a dent in the country and the province's investment attraction. Neville Matjie, CEO at Trade & Investment KwaZulu-Natal joins CNBC Africa for more.
Tue, 20 Jul 2021 09:50:59 GMT
Disclaimer: The following content is generated automatically by a GPT AI and may not be accurate. To verify the details, please watch the video
AI Generated Summary
- Restoration efforts are underway in KwaZulu-Natal following the recent unrest, with a focus on supporting affected businesses in key sectors.
- Collaboration between the provincial government and national departments is crucial in implementing relief measures and restoring investor confidence in the region.
- Despite challenges, foreign investors are still interested in KwaZulu-Natal's economy due to its strategic location and access to global markets.
The impact of the recent unrest in South Africa has taken a toll on the province of KwaZulu-Natal, with widespread damage to businesses and infrastructure. Neville Matjie, CEO at Trade & Investment KwaZulu-Natal, discussed the current situation and the efforts being made towards economic recovery in a recent interview with CNBC Africa. While there has been a sense of calm and stability returning to the region, the aftermath of the unrest has left many businesses struggling to resume normal operations. The retail sector, transport and logistics, manufacturing, finance, and business services were among the most affected industries. Matjie highlighted the importance of engaging with affected sectors to develop recovery plans and provide support to businesses. The provincial government, in collaboration with national departments, has been working to implement relief measures for impacted businesses and restore investor confidence in the region. Despite the challenges faced, foreign investors are still showing interest in KwaZulu-Natal's economy due to its strategic location and access to global markets.
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