The estimated damage to the trucking industry alone following the violence and looting in KwaZulu-Natal and Gauteng is R250-R350 million in burnt-out trucks and cargo, says Mike Fitzmaurice, chief executive of the Federation of East and Southern African Road Transport Associations.
In a column sent to Freight News, Fitzmaurice says the loss assessment for the road freight sector is based on initial figures and could increase.
“The damage to infrastructure through the burning of factories and warehouses and the looting of malls will run into billions of rands – and it will take a long time to rebuild and replenish supply to looted malls after rebuilding them.”
READ: Find his column here, https://tinyurl.com/uvdnfkdz.
