- The Zimbabwean government has cautioned its citizens living in South Africa to behave
- The warning was issued during the recent unrest that took place in July which saw widespread violence and looting
- Zimbabwe’s Foreign Affairs Ministry warned citizens that if they did not behave they could risk being chased away
The Zimbabwean government has told its citizens living in South Africa to avoid getting involved in crime or looting. It warned Zimbabweans that they could risk being chased away.
There are an estimated one million Zimbabwean nationals living in South Africa who left their home country to pursue a better life.
Zimbabwe’s Foreign Affairs Ministry warned citizens to behave when the unrest and looting took place in July according to eNCA.
Financial hardships continue in Zimbabwe
Zimbabwe's central bank confirmed the addition of a new 50-dollar note, becoming the country's largest denomination while valued at roughly $0.60 in US currency.
The recent addition sits as the highest valued note among a series of notes released in a series introduced from February 2019 while Zimbabwe reverted back to operating under a local currency.
The introduction of the bill into circulation has reawakened fears of hyperinflation, such as what was seen over a decade ago.
South Africa's richest 1% reportedly hold 41% of the country's wealth
Previously, Briefly News reported that Credit Suisse, a global financial group, has published its Global Wealth Report for 2021 which shows that wealth in South Africa is rising to the top. This means that the country's wealthiest 1% hold more of the money than ever before.
The group's Wealth Databook revealed that the richest 1% in the country hold around 41% of the total wealth in South Africa. In 2021, this is an estimated $763 billion. The report explained that as compared to 2019, this is a significant increase.
In 2019, the wealth they held was 35%. The 1% is about 376 000 people which is based on the last census of 37.6 million adults. The 1% controls around $311 billion of the country's total wealth. This is around $828 000 per individual.
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Source: Briefly News