Bank chiefs warn politicians: anti-migrant sentiment is costing South Africa dearly

Anti-migrant protests and xenophobic sentiment have created threats of violence and social tension, though widespread violence was averted around the June 30 deadline.

At a moment when African economies are drawing serious capital and building continental networks of trade, South Africa finds itself undermining its own standing through a failure of political courage — leaders who understand the economic interdependence of the region have chosen silence or scapegoating over education and truth. Standard Bank executives, operating across 21 African nations, have named this plainly: xenophobia is not a grassroots inevitability but a political choice, and its costs are being counted in reputation, relationships, and opportunity. A country that once held moral au

Bank chiefs warn politicians: anti-migrant sentiment is costing South Africa dearly

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