The head of business leadership said that the US and South Africa have had a strained relationship over the last two years.
Mavuso said that President Cyril Ramaphosa has given Rasool a mandate to help reset the South Africa ’s relationship with the US. Picture: Ian Landsberg/Independent NewspapersShe added that the Trump presidency is set to change how the US engages with the rest of the world with far more emphasis on bilateralism and SA needs to be ready for it.
“That has put our trading relationship at risk, despite the US being arguably our most important trading partner. While the US is our second largest trading partner after China, the trade balance is in our favour and includes a high proportion of manufactured goods.” Mavuso emphasised that the US relationship supports deep value chains in SA’s economy and far more jobs as a result.“I was pleased to join several business leaders for dinner with Rasool last week as he prepares for the task. I was taken aback by how well he came across as someone who understands the mission,” she explained.
“Few are under any illusion that the Trump approach to foreign relations will be far more transactional as he seeks to deliver on his ‘America first’ policy focus.”
United States South Africa Busisiwe Mavuso Cyril Ramaphosa Finance Business Money Matters
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