File: A South African police officer holds his gun while arresting a suspected looter vandalising the Springfiled Park Mall in Durban on July 12, 2021. STRINGER / AFP
JOHANNESBURG - The spate of violence and rampant looting has died down, but losses totalling billions of rand have been suffered.
Kwazulu-Natal alone has estimated damage and stock losses of R20-billion and over 100,000 jobs are on the line.
Acting Minister in the Presidency Khumbudzo Ntshavheni says the cost of riots in Gauteng will be tabled later this week.
"In KZN alone they are estimating currently that stock to the value of R1.5-billion has been lost in Durban alone and 1,400 ATMs have been damaged and 300 banks and Post Office outlets vandalised," she said.
"90 pharmacies were damaged, 150,000 jobs are at risk as we speak in KZN 50,000 informal traders were affected. 40,000 businesses were affected and they are estimating currently the loss to be R20-billion."