Expats face insecurity as unrest devastates Mozambique economy

Loading player...
Mozambique is on a knife edge on the eve of the inauguration of President-elect, Frelimo’s Daniel Chapo. In this interview, Tertius Jacobs, Focus Group’s Head Analyst for Mozambique and East Africa, describes how the local economy has lost billions of meticals due to protests disrupting road networks, especially between Komatipoort, the Lebombo Border and the Maputo Port, while South Africa - which uses the N4 through Mozambique to the Maputo Port extensively for exports - are losing millions of rands daily. The “massive disruptions” have also devastated the tourist sector - and some travellers, who defied security alerts, have had to be relocated from “threatened locations” to safer areas. Meanwhile, expats are facing growing insecurity with some having suffered threats to their person and their assets. Jacobs says the protesting electorate has been “much more confrontational” than in previous elections. “We've had multiple reports of civilians or protesters overwhelming the security forces and even seizing their weapons.
14 Jan 2025 11AM English South Africa Investing · Business News

Other recent episodes

BN Edge | Lesaka is facing hard questions. Ali Mazanderani is answering them

Lesaka grew out of Net1, whose subsidiary's social grants contract ended up before the Constitutional Court. Now it wants to take deposits from the same grant recipients it lends to. In a follow-up to their strategy conversation, Alec Hogg put the harder questions to executive chairman Ali Mazanderani: who carries…
23 Oct 8AM 37 min

BN Edge | Donald MacKay unpacks the bureaucratic black hole in SA trade

A tariff investigation in South Africa is meant to take six months. Donald MacKay, whose XA Global Trade Advisors released its latest import duty report this week, told Alec Hogg the average had stretched to 40 months, and that the oldest open case was old enough to start school. He…
23 Oct 7AM 24 min

BizNews Ricardo Portfolio update: Afrimat, Clicks, Chubb, Teledyne

Alec Hogg went into this episode wanting to sell two shares. The rules he built for the Ricardo portfolios talked him out of at least one. In the first of a new run of Premium portfolio updates, he put four fresh sets of results through the same valuation test: Afrimat,…
22 Oct 8AM 41 min