SA business in Nigeria suffering
RETAILER NEWS
Eyewitness News - Jan 26th, 10:11
The Nigerian Chamber of Commerce in South Africa said the turmoil in the north African country had a major impact on the revenue of South African companies operating there.
Enterprises that have stakes in Nigeria include Shoprite, Game, MTN and Nando's.
Unions embarked on a week-long strike against a 50 percent fuel hike, while the country was also hit by sporadic bomb blasts set up by Islamic group Boko Haram.
This has also hampered operations in Lagos.
The chamber’s Dianne Games said, “Lagos, which is where a lot of people are based was forced to close down for a week.”
“There are productivity issues and companies have lost money. There is no doubt that no trading and no business will have an effect.”
Related Retailers
 | Shoprite Holdings LtdThe Shoprite Group of Companies, Africa's largest food retailer, operates 1246 corporate and 274 franchise outlets in 16 countries across Africa and the Indian Ocean Islands, and reported turnover of R72,298 billion for the 52 weeks ended June 2011. ...Click here to read more about Shoprite Holdings Ltd |
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