Xenophobic attacks pose a threat to Africa’s fragile economic recovery, the head of the SA-Nigeria Chamber of Commerce warns. The Johannesburg-based chamber represents South African and Nigerian companies operating or exploring commercial opportunities in both countries. "The outbreak of xenophobic violence in SA and the reprisal events in Nigeria‚ including direct attacks on foreign-owned businesses in both SA and Nigeria‚ poses a threat to Africa’s fragile economic recovery‚" said chamber president Suresh Chaytoo. Chaytoo said strong leadership was needed to address the underlying socioeconomic challenges that threatened to undermine commercial relations between the two African powerhouses. He warned against "ill-informed‚ short-term solutions" to tackle problems deeply rooted in the socioeconomic structures of many African states. South African and Nigerian companies employed thousands of workers in both countries‚ he said. "There is a strong and positive symbiosis between the tw...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00.