Johannesburg: Samuel E. Jonah, businessman and Executive Chairman of Jonah Capital, has issued a warning that the recurring xenophobic attacks against African nationals in South Africa could significantly hinder efforts to enhance economic integration across the continent. Speaking at the Global Business Forum, he emphasized that these attacks should not be seen as isolated events, as they have the potential to negatively impact trade, investment, and the free movement of Africans.
According to Ghana Web, Jonah emphasized the critical role of safety for Africans living and working across different nations in the success of the African Continental Free Trade Area (AfCFTA). He stated that the AfCFTA cannot thrive if citizens are not free to trade, work, and live safely among each other. Jonah highlighted the dangers of continued attacks, which could lead to retaliatory actions against South African businesses and nationals operating in other African countries, ultimately undermining investor confidence and cross-border business activities.
During his address, Jonah called on African governments to ensure the protection of businesses and workers, irrespective of nationality, and to treat investors operating across borders equitably. He stressed that Africa's economic integration must extend beyond mere agreements to include practical measures such as efficient infrastructure, reliable power supply, fair regulation, and competitive business climates. He cautioned against relying solely on patriotism to boost local businesses, advocating instead for economies to become competitive enough to attract and retain investment.
Jonah's remarks come amid renewed concerns over anti-immigrant protests and attacks in South Africa. He urged African leaders and the private sector to enhance cooperation and create an environment where African capital, businesses, and workers can move securely across borders.