Expats face insecurity as unrest devastates Mozambique economy

Loading player...
Mozambique is on a knife edge on the eve of the inauguration of President-elect, Frelimo’s Daniel Chapo. In this interview, Tertius Jacobs, Focus Group’s Head Analyst for Mozambique and East Africa, describes how the local economy has lost billions of meticals due to protests disrupting road networks, especially between Komatipoort, the Lebombo Border and the Maputo Port, while South Africa - which uses the N4 through Mozambique to the Maputo Port extensively for exports - are losing millions of rands daily. The “massive disruptions” have also devastated the tourist sector - and some travellers, who defied security alerts, have had to be relocated from “threatened locations” to safer areas. Meanwhile, expats are facing growing insecurity with some having suffered threats to their person and their assets. Jacobs says the protesting electorate has been “much more confrontational” than in previous elections. “We've had multiple reports of civilians or protesters overwhelming the security forces and even seizing their weapons.
14 Jan 11AM English South Africa Investing · Business News

Other recent episodes

Ian Cameron: 10-Point plan to fight farm attacks

The Democratic Alliance (DA) has drawn up a 10-point plan to deal with farm attacks. In this interview with BizNews, Ian Cameron, the DA spokesperson on Police, says the plan will be submitted to the Minister of Police “and there's a lot of engagement ahead of us regarding rural safety”…
9 Jun 10AM 7 min

Heavy handed regulators ground small airplanes, helicopters, put 300 000 jobs at risk

A sudden policy shift by South Africa’s Civil Aviation Authority threatens to ground over 1,400 light aircraft, cripple aviation training and tourism, and unravel an entire industry ecosystem. Experts warn that a rigid, unconsulted engine overhaul rule could devastate local aviation, all under the guise of safety - despite a…
9 Jun 7AM 18 min

Helen Zille: How a Mayor Zille will rescue Jo’burg

The possibility of Democratic Alliance (DA) Federal Council Chairperson Helen Zille as the next Mayor of Johannesburg has the country talking. In this interview with BizNews, Zille says although she has not yet made up her mind, she is “tending in the direction of doing so”. If she were to…
9 Jun 6AM 9 min

The Sunday Show - Neil de Beer: “Economic genocide” - by the “twats” in Government

In his latest Sunday Show with BizNews, Neil de Beer, the President of the United Independent Movement (UIM), likens the “unraveling” of South Africa’s economy to “economic genocide”. He says the country’S BEE and related laws do not constitute a “package of investment”, but a “hand grenade….that will explode economically”…
8 Jun 7AM 29 min