“The cost is R3.5bn in stock and this preliminary amount does not include uninsured township businesses.
“Spaza shops and informal traders were impacted and some lost their stock during the looting.
“The social and economic impact of Covid-19 and the unrest were severe and need attention,” Makhura said. On Wednesday the employment and labour department committed to helping thousands of employers and employees hit hard by the recent unrest and looting in parts of SA. The government has also announced a R36.2bn package to support SA’s economic recovery and provide relief to the poor.Gauteng MEC of economic development, said the provincial government has identified funding from the private and public sectors for “
incentivising and supporting rebuilding with a focus on retail and associated logistics through a combination of financial, legislative, and administrative support”, and “
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