Exports of vehicles and citrus will be among the major victims, and thousands of jobs — actual and potential —will evaporate.
The US has grown to be South Africa’s fifth-biggest export market for vehicles, behind the UK, Germany, France and Japan. That’s thanks, in part, to the African Growth & Opportunity Act .
Last year, South Africa exported 20,566 light vehicles to the US, resulting in an automotive trade surplus with that country of R6bn. ..A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SHAWN HAGEDORN: How foreign policy kills prospects of the joblessGetting out of the unemployment trap requires rapidly growing value-added exports
Read more »
Putin won’t attend Brics summit in South AfricaRamaphosa and Putin met privately in St Petersburg last weekend after talks with a delegation of African leaders attempting to mediate peace in the Russia-Ukraine conflict.
Read more »
Storm brewing over South Africa’s renewable push: reportMinister Gwede Mantashe refused to attend an event for a $1 billion green hydrogen fund.
Read more »
Putin to give South Africa a skip: reportPresident Ramaphosa has reportedly convinced Putin to steer clear of South Africa in August – which bodes well for markets.
Read more »
Relief for first-time homebuyers in South AfricaBetterBond says the property market could soon see a resurgence if the SARB brings to an end its cycle of interest rate hikes.
Read more »
South Africans voting with their wallets — refuse to pay for TV licencesSABC board chair Khathu Ramukumba revealed the broadcaster expects to post a R1 billion net loss.
Read more »