Cyril Ramaphosa

South Africa's president condemns xenophobic riots in Johannesburg

A foreign shop owner checks the damages to his looted shop in Johannesburg, South Africa, on Tueaday.
A foreign shop owner checks the damages to his looted store in Johannesburg, South Africa, on Monday. Photo: Michele Spatari/AFP/Getty Images

South Africa's President Cyril Ramaphosa on Tuesday condemned recent attacks on foreign-owned businesses in the country, after rioters this week looted and destroyed more than 50 shops owned by people from other African countries

Why it matters: The riots occurred days before South Africa is slated to host political and business leaders from across the continent in Cape Town for the 28th World Economic Forum on Africa, beginning Sept. 4. "There can be no justification for any South African to attack people from other countries," Ramaphosa said in a statement.

Relief then recession in South Africa

Photo: Ramaphosa, with Mandela looking on (in mural form). Photo: Rajesh Jantilal/AFP

South African President Cyril Ramaphosa's efforts to revive Africa's second-largest economy aren't off to a propitious start.

The latest: The country has now entered into recession for the first time in nearly a decade, and Ramaphosa's remedies are limited by the fact that his fantastically corrupt predecessor left a bare cupboard behind. Emigration is on the rise. Foreign investment isn't.