A number of Nigerian-owned businesses and properties were targeted during the attacks, leading Lagos to repatriate hundreds of its citizens back to Nigeria last week.
The violence also prompted reprisals against South African firms in Nigeria and led to the temporary closure of South Africa's diplomatic missions in Lagos and Abuja.
"A lot of South African companies, particularly consumer-facing ones, have been faced with very slow growth in South Africa in recent years, and they have seen the solution to that problem as being a really aggressive expansion in the rest of Africa," Ashbourne explained. "There are a variety of factors going into that — problems in the mining sector, electricity problems this year — but the key takeaway I guess is that it doesn't seem like it is a one-off shock," Ashbourne said. "It seems like trend growth in South Africa is very weak."Ashbourne pointed to telecommunications giant MTN as the "poster child" for international expansion, with around 60% of its revenue for 2018 coming from the rest of Africa .
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
South Korea on high alert after 1st African swine fever case foundSouth Korea has raised its animal disease alert to the highest level after its f...
Baca lebih lajut »
Chester Williams stood against South African rugby’s racismChester Williams offered hope of a new era for black South African rugby players. That promise has not yet borne out
Baca lebih lajut »
South Korea on highest alert after African swine fever foundSouth Korea has raised its animal disease alert to the highest level after disco...
Baca lebih lajut »
South Korea confirms second case of deadly African swine fever, pledges vigilanceSouth Korea has confirmed a second case of African swine fever at a pig farm nea...
Baca lebih lajut »
MTV Documentary Films Acquires ‘Gay Chorus Deep South’, Plans Fall ReleaseMTV Documentary Films, a division of Viacom’s MTV Studios, today announced its latest acquisition under Sheila Nevins: Gay Chorus Deep South. Directed by David Charles Rodrigues, the film world pre…
Baca lebih lajut »
Sheila Nevins' MTV Documentary Films Nabs 'Gay Chorus Deep South'The former HBO exec plans a theatrical release later this year for awards-season consideration.
Baca lebih lajut »