Business28.07.2021

Tremendous damage caused by looting shown in one table

Thousands of businesses and numerous government departments are still counting the costs of the damage caused by rampant looting and violence in KwaZulu-Natal and Gauteng earlier this month.

Malls, shopping centres, supermarkets, wholesalers, restaurants, warehouses, banking facilities, schools, trucks and even blood banks were hit by looters over the course of several days following the arrest of former president Jacob Zuma.

More than 200 people lost their lives, and over 2,500 were arrested for partaking in the looting and public violence.

Shocked bystanders and news crews shared videos and photos of many of the incidents on social media.

Among these were aerial shots from a helicopter showing thousands of looters pouring in and out of a Massmart distribution centre and loading stolen goods into cars, trolleys, and even baby strollers to take home.

ATM vandalism

Nedbank ATM destroyed

Business Leadership South Africa estimated that damages to businesses amounted to over R5 billion for the retail industry alone.

Citing credible industry sources, Intellidex analyst Peter Attard Monalto said that R1.5 billion in stock was lost during the looting in the Durban economic zone alone, while the violence also resulted in R15 billion in property damage.

The South African Property Owners Association stated that the looting and destruction will have a R20 billion impact on KwaZulu-Natal’s GDP growth and a cut R50 billion from the country’s GDP growth.

Approximately 3,000 stores were looted, with extensive damage caused to 161 malls, 11 warehouses, 8 factories, and 161 liquor outlets and distributors.

100 malls were burnt or suffered significant fire damage, while 200 shopping centres were looted and damaged.

Ratings agency S&P Global has forecast that the looting could result in headline GDP growth in 2021 being cut by 0.7%.

While not all the businesses that suffered losses due to the looting have come forward, many have shared staggering figures that illustrate the extent of the destruction.

The table below shows the number of stores or facilities confirmed to be looted and/or damaged.

Industry-wide damage reports
Entity Affected facilities
Banks 1,400 ATMs looted and/or damaged
Mobile networks 113 base stations damaged
Informal traders 50,000 impacted
Schools 126 schools, 3 education centres, 8 offices
SA Post Offices 20 branches looted and damaged
Individual businesses
Company/business Affected facilities
African Bank 32 branches damaged
Capitec Bank 300 branches and ATMs damaged
Cashbuild 36 stores looted and/or damaged
Cell C 12 stores looted and/or damaged
Checkers and Shoprite 119 stores looted and/or damaged
Clicks 52 stores looted and/or damaged
Courier Guy Warehouse looted and damaged
DSV South Africa Warehouse looted and damaged
Edgars 50 stores looted and/or damaged, main distribution centre burnt down
Famous Brands 99 restaurants and 1 logistics facility damaged
JD Group Distribution centre damaged
Kingspark manufacturers 2 factories looted, one set alight
Massmart 41 stores looted, 4 significantly damaged
Mr Price 109 stores looted and/or damaged
MTN 29 stores looted and/or damaged
Mustek Office looted and burnt down
Nedbank 224 branches, 320 ATMs damaged
Pepkor 489 stores loot and/or damaged
Pick ‘n Pay 136 stores looted and/or damaged
Spar 184 stores looted and/or damaged
Standard Bank 33 branches and 220 ATMs looted and/or damaged
Telkom 40 stores and kiosks looted and/or damaged
The Foschini Group 190 stores looted and/or damaged
Tiger Brands R150 million in stock looted
Value Logistics Warehouse looted and damaged
Woolworths 11 stores looted and/or damaged

Now read: Rules for soldiers while fighting riots in South Africa revealed

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