• Business
  • Markets
  • Politics
  • Crypto
  • Finance
  • Intelligence
    • Policy Intelligence
    • Security Intelligence
    • Economic Intelligence
    • Fashion Intelligence
  • Energy
  • Technology
  • Taxes
  • Creator Economy
  • Wealth Management
  • LBNN Blueprints
  • Business
  • Markets
  • Politics
  • Crypto
  • Finance
  • Intelligence
    • Policy Intelligence
    • Security Intelligence
    • Economic Intelligence
    • Fashion Intelligence
  • Energy
  • Technology
  • Taxes
  • Creator Economy
  • Wealth Management
  • LBNN Blueprints

South Africa partially lifts Mozambique border closure following protests

Simon Osuji by Simon Osuji
November 14, 2024
in Business
0
South Africa partially lifts Mozambique border closure following protests
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter

South Africa reopened limited crossings at its main border with Mozambique on Thursday morning, following a temporary suspension due to safety concerns.

However, cargo traffic remains halted, according to Trans African Concessions, the highway operator that links South Africa’s industrial hub to Mozambique’s largest port in Maputo. South Africa, the world’s top producer of chrome, an essential material for stainless steel, exports about half of its output through this route.

The unrest in Mozambique stems from the most severe election-related turmoil since the country’s 16-year civil war ended in 1992. Opposition leader Venancio Mondlane has claimed victory in the October 9 election, although official results showed a sweeping win for the ruling party.

Human rights groups report that at least 18 people have been killed in the demonstrations, where opposition supporters are protesting what they allege to be a fraudulent victory by Frelimo, the party that has governed Mozambique since 1975.

Business owners across the country are voicing concerns about the toll the protests have taken on their operations. Since the unrest began, over 150 shops have been vandalized, leading to losses estimated at around €354 million.

According to the president of the Confederation of Economic Associations of Mozambique (CTA), Agostinho Vuma, the sector most affected by the protests was the transport industry which recorded a revenue loss of around 417 million meticais [€6 million] during the protest period.

Source link

Related posts

Gold, rare earths top TSXV’s performers

Gold, rare earths top TSXV’s performers

February 22, 2026
Russia Pursuing BRICS Bridge for an Alternative Financial Corridor

Russia Pursuing BRICS Bridge for an Alternative Financial Corridor

February 22, 2026
Previous Post

Numsa to strike at ArcelorMittal over job cuts

Next Post

Iveco to Supply Parts for Upcoming Leonardo-Rheinmetall Tanks

Next Post
Iveco to Supply Parts for Upcoming Leonardo-Rheinmetall Tanks

Iveco to Supply Parts for Upcoming Leonardo-Rheinmetall Tanks

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

cidb ERWIC Awards – Women empowerment & business transformation in the construction industry

Decentralised solutions: the answer to South Africa’s water crisis

2 years ago
UK-UAE-Saudi alliance plan $7bln petrochemical complex in Egypt

UK-UAE-Saudi alliance plan $7bln petrochemical complex in Egypt

1 year ago
How to choose the right antenna: a complete buyer’s guide

How to choose the right antenna: a complete buyer’s guide

3 months ago
LASBCA Officials Urged to Uphold Integrity in Building Practices

LASBCA Officials Urged to Uphold Integrity in Building Practices

2 years ago

POPULAR NEWS

  • Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    0 shares
    Share 0 Tweet 0
  • The world’s top 10 most valuable car brands in 2025

    0 shares
    Share 0 Tweet 0
  • Top 10 African countries with the highest GDP per capita in 2025

    0 shares
    Share 0 Tweet 0
  • Global ranking of Top 5 smartphone brands in Q3, 2024

    0 shares
    Share 0 Tweet 0
  • When Will SHIB Reach $1? Here’s What ChatGPT Says

    0 shares
    Share 0 Tweet 0

Get strategic intelligence you won’t find anywhere else. Subscribe to the Limitless Beliefs Newsletter for monthly insights on overlooked business opportunities across Africa.

Subscription Form

© 2026 LBNN – All rights reserved.

Privacy Policy | About Us | Contact

Tiktok Youtube Telegram Instagram Linkedin X-twitter
No Result
View All Result
  • Home
  • Business
  • Politics
  • Markets
  • Crypto
  • Economics
    • Manufacturing
    • Real Estate
    • Infrastructure
  • Finance
  • Energy
  • Creator Economy
  • Wealth Management
  • Taxes
  • Telecoms
  • Military & Defense
  • Careers
  • Technology
  • Artificial Intelligence
  • Investigative journalism
  • Art & Culture
  • LBNN Blueprints
  • Quizzes
    • Enneagram quiz
  • Fashion Intelligence

© 2023 LBNN - All rights reserved.