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Article

14 Apr 2015

Author:
Khulekani Magubane, Business Day (So. Africa)

Xenophobic attacks may harm image of South African companies with operations across the continent, says analyst

'Xenophobic attacks may harm image of local business', 14 Apr 2015: The xenophobic violence outbreak in Durban could harm the image of South African big business investing around the continent, said political analyst Prof Somadoda Fikeni…"It (the violence) could build resentment among people of other countries, who see that South Africans do not welcome them and they would figure, ‘Why should we welcome you?’ Those businesses you bring into other countries are not on the small scale that you see here, but they are big companies," Prof Fikeni said. South African companies that have expanded their investments around the continent include retail giant Shoprite and telecommunications company MTN…

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