SA companies at risk abroad as xenophobia bites back
The game has changed: people have found a way to retaliate without having to set foot in SA
SA authorities need to act speedily to quell geopolitical tensions caused by the spate of xenophobic violence that erupted in Gauteng a few days ago and is now affecting JSE-listed companies.
In a somewhat expected twist, people in countries such as Nigeria and Zambia have turned on SA-based businesses in retaliation for xenophobic attacks in Gauteng.
MTN (https://www.sharenet.co.za/v3/quickshare.php?scode=MTN) and MultiChoice (https://www.sharenet.co.za/v3/quickshare.php?scode=MCG) have shut some branches outside SA. Though unlike Shoprite (https://www.sharenet.co.za/v3/quickshare.php?scode=SHP), DStv’s service has not been cut and MTN subscribers are still able to communicate on the network. The lights are still on, revenues have not halted. ..