Under siege in Nigeria, South African businesses shut stores [Reuters (UK)]
SHOPRITE HLDGS LTD S/ADR (SRGHY)
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Source: Reuters
Under siege in Nigeria, South African businesses shut stores - Reuters 4 Min Read ABUJA/JOHANNESBURG (Reuters) - South African companies MTN and Shoprite closed stores in Nigeria on Wednesday in the face of attacks targeting their premises in retaliation to similar violence in their home country. Nigeria’s vice president is also boycotting an economic forum in Cape Town on boosting intra-African trade, the country’s foreign minister said, after days of rioting in South Africa aimed at foreign-owned businesses. At a Shoprite supermarket on the outskirts of the Nigerian capital Abuja, hundreds of protesters tried to break into the premises, throwing stones, setting fire to tires and nearly overwhelming police protecting the site. After police fired a barrage of teargas at the crowd, they dispersed, according to a Reuters witness. The Nigerian division of telecom operator MTN said on Wednesday morning it would shut all stores and service centres in the country until further notice. “The
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