PRESIDENT TINUBU DEPARTS JEDDAH FOR ABUJA AFTER SUCCESSFUL UMRAH IN MAKKAH. (PHOTO). #PRESS RELEASE.

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 STATEHOUSE PRESS RELEASE PRESIDENT TINUBU DEPARTS JEDDAH FOR ABUJA AFTER SUCCESSFUL UMRAH IN MAKKAH President Bola Ahmed Tinubu on Wednesday departed King Abdulaziz International Airport, Jeddah, Kingdom of Saudi Arabia, for Abuja after successfully completing his Umrah (Lesser Hajj) in the holy city of Makkah. President Tinubu's plane took off at the Royal Terminal of the King Abdulaziz International Airport, Jeddah, at exactly 5:13.pm Saudi time. The Deputy Governor of the Makkah Region, Prince Saud bin MISHAAL bin Abdulaziz Al Saud; Nigerian Ambassador to Saudi Arabia, Ambassador Yakubu Gambo, and the Hon. Consul-General, Ambassador Muazam Ibrahim Nayaya, accompanied the President to the airport. Before departure, President Tinubu had a brief meeting with the Deputy Governor of Makkah at the Royal Guest Palace in the airport. On arrival on Thursday in Saudi Arabia, the President led members of the Nigerian delegation to perform the Umrah rites, including the circumambulation of...
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STANDARD BANK CEO WARNS: CLOSING THE DOOR ON MIGRANTS WILL COST SOUTH AFRICA. (PHOTO).

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STANDARD BANK CEO WARNS: CLOSING THE DOOR ON MIGRANTS WILL COST SOUTH AFRICA

Standard Bank Group CEO Sim Tshabalala has warned South Africa against clamping down hard on migration, saying it could badly damage the economy.


Speaking at the Kgalema Motlanthe Foundation Winter Seminar in Johannesburg, Tshabalala said migrants are not just "job takers" they are consumers, taxpayers, entrepreneurs and investors who keep the economy moving. They rent homes, use transport, start businesses, and buy goods and services every single day.


He used Brexit as a warning sign. When the UK cut itself off from free movement with Europe, the results were painful: GDP dropped by 6-8%, investment fell by 13%, and unemployment rose by about 4% compared to if Britain had stayed in the EU.


His message: shutting the door on migrants may sound good politically, but the numbers show it backfires economically.

This comes as South Africa reviews its immigration laws, and while anti-foreigner sentiment and protests continue to rise across the country.

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