Govt ‘working overtime’ to help businesses recover and restore investor confidence since unrest

The original article can be found here.

Article highlights:

  • Government is working overtime to help businesses recover amid concerns over a longer-term knock to investor confidence caused by the recent unrest;
  • Talks are also under way with investors and the business sector – both formal and informal;
  • Significant damage totalling more than R5 billion in terms of loss of assets and loss of business are estimated by the companies surveyed. They also estimate that 10 200 jobs are potentially affected;
  • Early responses included efforts to quickly re-establish supply lines and address supply shortages, starting with opening the N3 corridor and the Durban port.