A general view of burning trucks after violence erupted following the jailing of former South African President Jacob Zuma, in Durban, South Africa, July 14, 2021. REUTERS/Rogan WardRiots and looting continued for a fifth day as the government struggles to regain control of a situation that was sparked by the jailing of former president Jacob Zuma, but seems to have taken a more broad-based social and civil unrest tone, riddled with opportunism.
The JSE’s banking index plunged 4.45% on Tuesday, its worst one-day loss since December 2020 when the country was put into another strict lockdown during the height of the second wave of Covid-19. Has the state lost control, what are the drivers of the unrest, and what does this mean for the future and for investors?
Michael Avery is joined by Dr Miriam Altman, director of Altman Advisory and National Planning Commissioner; William Gumede, professor at the Wits School of Governance and chair of Democracy Works Foundation; Martin Kingston, chair of the steering committee of Business for SA; and Frans Cronje, director at the Centre for Risk Analysis to sift through the detritus of the past few days.
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WATCH: Unpacking the powder kegMichael Avery and his expert guests weigh in on the civil unrest in SA and its impact on the economy and society
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