JOHANNESBURG - South Africa's GDP is in for a significant contraction in the third quarter of this year according to research from the Bureau for Economic Research.
Businesses are beginning to assess the cost of the damage after a week of looting and unrest.
Massmart has confirmed that 41 of its stores were affected, with the majority of these located in KwaZulu-Natal.
While Toyota has resumed production at its plant in KZN following the looting, the company has asked the local government for a recovery action plan.
Tiger Brand and Pioneer Foods were also forced to stop the production of bread in KZN last week.