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ActionSA has announced that it will be seeking a lawsuit against the ANC, President Cyril Ramaphosa and the Police Minister, following looting and violent rioting that has gripped KZN and Gauteng over the past week. Party founder Herman Mashaba said that Ramaphosa, Cele and other government ministers have a legal duty to maintain law and order in South Africa. “In so doing, they ensure the protection of our constitutional order and the rights of every South African.” Mashaba also said that the country now finds itself in this state because government failed to act swiftly, “wilfully failing” to coordinate law enforcement at an early stage. The party founder has invited South Africans who have been impacted by the looting and civil unrest to join the lawsuit against “the ineffectual and incompetent Ramaphosa and his government.” Mashaba speaks to BizNews about the class action lawsuit that ActionSA plans on pursuing.

The McCormick family are well known property moguls in South Africa. Their property portfolio consists of listed and unlisted assets, mainly malls and shopping centres around the rural and township areas of South Africa. It's listed assets are held through a real-estate investment trust called Exemplar, which is an illiquid counter with a market capitalisation of approximately R3bn. It is controlled by the family. Jason McCormick, chief executive of Exemplar, joined Alec Hogg in a story that tells an extremely sombre tale. A number of the McCormick's properties have looted, vandalised and all but destroyed. The fight isn't over, he says, as the family will look to rebuild and come back stronger as the communities in which they operate depend on it.

The McCormick family are well known property moguls in South Africa. Their property portfolio consists of listed and unlisted assets, mainly malls and shopping centres around the rural and township areas of South Africa. It's listed assets are held through a real-estate investment trust called Exemplar, which is an illiquid counter with a market capitalisation of approximately R3bn. It is controlled by the family. Jason McCormick, chief executive of Exemplar, joined Alec Hogg in a story that tells an extremely sombre tale. A number of the McCormick's properties have looted, vandalised and all but destroyed. The fight isn't over, he says, as the family will look to rebuild and come back stronger as the communities in which they operate depend on it.

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News headlines:

*South Africa mustered its army reserves in a bid to quell several days of looting that has ravaged supplies of food and other essentials and dealt a crippling blow to its economy.

*he World Health Organisation’s Africa director has warned that South Africa should prepare itself for a surge in coronavirus cases following the widespread rioting and looting that has occurred in the two most populous provinces.

*Santam says the recent spate of looting and destruction to property could have long-term implications on the cost of insurance and investor confidence in South Africa.

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News headlines:

*South Africa mustered its army reserves in a bid to quell several days of looting that has ravaged supplies of food and other essentials and dealt a crippling blow to its economy.

*he World Health Organisation’s Africa director has warned that South Africa should prepare itself for a surge in coronavirus cases following the widespread rioting and looting that has occurred in the two most populous provinces.

*Santam says the recent spate of looting and destruction to property could have long-term implications on the cost of insurance and investor confidence in South Africa.

Following days of rioting and looting in South Africa, reports of South Africans pulling together in communities are becoming common. Joining BizNews to discuss this phenomenon is Wayne Duvenage, the CEO of OUTA (Organisation Undoing Tax Abuse). He comments on the camaraderie seen in afflicted areas, noting that this assistance "is in so many South Africans, coming to the fore in times of disaster and need." Duvenage also notes that now is the time for South Africa to ask why this happened. "If we can take from this, the journey forward to fix what is fundamentally wrong, I think there's going to be a good road ahead."

Following days of rioting and looting in South Africa, reports of South Africans pulling together in communities are becoming common. Joining BizNews to discuss this phenomenon is Wayne Duvenage, the CEO of OUTA (Organisation Undoing Tax Abuse). He comments on the camaraderie seen in afflicted areas, noting that this assistance "is in so many South Africans, coming to the fore in times of disaster and need." Duvenage also notes that now is the time for South Africa to ask why this happened. "If we can take from this, the journey forward to fix what is fundamentally wrong, I think there's going to be a good road ahead."

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It is often during times of great adversity, that we witness the extraordinary strength of the human spirit. Dr Imtiaz Sooliman founded the Gift of the Givers Foundation in 1992 and has spent the last 29 years dedicating himself to providing humanitarian aid and disaster relief. BizNews founder Alec Hogg spoke to Dr Sooliman about the crisis wreaking havoc in South Africa right now. Dr Sooliman shares an incredibly insightful view of the four categories of persons who are fuelling the riots and the looting. What really hits home, though, are his stories about ordinary South Africans who have united to defend themselves and each other where the government has dismally failed its people and its citizens. Describing these events, Dr Sooliman says; “It's an incredible thing. I've never seen anything like this in my 29 years of working in disaster in South Africa.”

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It is often during times of great adversity, that we witness the extraordinary strength of the human spirit. Dr Imtiaz Sooliman founded the Gift of the Givers Foundation in 1992 and has spent the last 29 years dedicating himself to providing humanitarian aid and disaster relief. BizNews founder Alec Hogg spoke to Dr Sooliman about the crisis wreaking havoc in South Africa right now. Dr Sooliman shares an incredibly insightful view of the four categories of persons who are fuelling the riots and the looting. What really hits home, though, are his stories about ordinary South Africans who have united to defend themselves and each other where the government has dismally failed its people and its citizens. Describing these events, Dr Sooliman says; “It's an incredible thing. I've never seen anything like this in my 29 years of working in disaster in South Africa.”

Brenthurst Wealth Management founder Magnus Heystek doesn't mince his words on a good day, let alone on another day of suffering for South Africa. Magnus has been advising diversification and offshore investment for more than a decade with many local fund manager's in disagreement despite his investment thesis proving correct. This time of crisis is of serious concern and offshore diversification has never been a more prudent strategy with many of the world's largest banks downgrading the Rand over the course of the week.

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