The xenophobic attacks in Gauteng on foreigners, and the looting of their businesses have now taken on an international turn.
Nigeria is considering nationalizing businesses such as Shoprite and MTN.
In its latest report, Bloomberg pointed out the rough times that might await South Africa if the most popular businesses, such as MTN, might be nationalized.
The Nigerian “All Progressive Congress Party” chairman said in a video recording also broadcast on the radio and TV channels that it would be advantageous for Nigeria to nationalize thriving South African businesses because of their insensitive actions against Nigerian businessmen .
The focus is clearly on MTN, which has a profitable industry in Nigeria, and that may even include Shoprite’s stores.
MTN has invested millions of Rand in the West African state, and is now becoming the first possibility of nationalization.