The Durban Floods and Looting
The effects of the Durban floods and looting has been nothing short of devastating to its communities, the economy and the property market.
With the riots having started on the 9th of July 2021 and having lasted well over a week, the damage and cost to the KZN economy was estimated to be R20 billion. Over 400 retail outlets, 1400 ATMs, 40 000 businesses and 50 000 traders suffered looting, vandalism and arson attacks. Close to R2 billion worth of stock was lost and 150 000 jobs were consequently at risk. As a result, a provincial state of disaster was declared.
![durban Durban flooding](https://deltascan.global/wp-content/uploads/2024/05/durban.png)