Xenophobic attacks leave five dead in South Africa
Tuesday, April 14, 2015
Tension has already started brewing in some parts of the province, as foreign nationals have come under attack and their small businesses looted by the locals.
President Jacob Zuma, had this week sent three of his ministers to calm the situation but even on Tuesday, looting has happened overnight and a march is reported to be taking place in Durban, the commercial city in the province.
While the political shift brings hope for change, it also places immense pressure on the new administration to deliver on its election promises in the face of serious economic challenges.On another level, newly appointed Finance Minister Ndaba Gaolathe’s grim assessment of the country’s finances adds urgency to the moment. The budget deficit, expected to be P8.7 billion, is now anticipated to be even higher due to underperforming diamond...