Looting bonanza for KZN communities following N2 truck blockades

Loading player...
Panga-wielding communities on routes serving as alternatives to the N2 in KZN have been blocking roads and looting trucks. This isn’t necessarily new, as protests are an everyday occurrence in the country but it’s stifling the ability of businesses to cost-effectively get products and commodities to market. Parts of the N2 near Pongola are considered off limits for transporters, as communities are refusing to allow trucks to travel the route following a recent deadly crash in which 19 school children were killed when a truck ploughed into a bakkie. BizNews correspondent Michael Appel spoke to Vryheid Meatmasters MD Patrick Friend about the most recent looting incident which took place just outside Eshowe. Friend is calling for “greater police presence and a bit more intent from politicians” to resist the economy being held ransom by lawlessness targeting the trucking industry - the very lifeblood of the South African economy. Learn more about your ad choices. Visit megaphone.fm/adchoices
6 Oct 2022 5AM English South Africa Investing · Business News

Other recent episodes

Unlocking High-Yield Private Debt: The Jaltech Income Opportunities Fund

Join the leadership team at Jaltech for an exclusive overview of the new Jaltech Income Opportunities Fund - a spin-off from their highly successful Section 12J investment strategy. Designed to target structured debt funding for established, mid-sized South African businesses, this fund addresses an unserved niche left open by traditional…
24 Jul 5AM 29 min

BN Daybreak: Zille on Joburg's last chance; AI stock warnings; Cape gangs; Civic tech

In today's BizNews Daybreak, Helen Zille warns Johannesburg faces its final chance to reverse municipal collapse. Heindrich Wyngaard explains why military presence alone cannot dismantle the Cape Flats' deep-rooted gang economy. Lance Dickson introduces "Ryze," a platform channeling public rage into organized civic action. Finally, Sean Peche cautions investors against…
23 Jul 11PM 15 min

Parliament faces protest over lagging legislation for a provincial referendum

In this interview with Chris Steyn, Heindrich Wyngaard, the executive chairperson of Cape Forum, details plans for a protest outside the National Assembly next month over the long wait for appropriate legislation to enable a provincial referendum . “And we are also planning to be present at that Home Affairs…
23 Jul 9AM 18 min