G20, South Africa and Financial crisis of 2007–2008
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The South African on MSNWhy 100 000 South Africans could lose their jobs thanks to Donald TrumpSouth Africa could lose up to 100 000 jobs if urgent action is not taken to counter looming US tariffs set to take effect next month.
When U.S. President Donald Trump met five African leaders in Washington this month, his lack of familiarity with the continent was on display. He praised Liberian President Joseph Boakai’s English — Liberia’s official language — and gestured at another leader to wrap up remarks.
South Africa's main coalition partners are embroiled in a spat over how to respond to looming tariffs from a hostile Trump administration, after the smaller party said the president's aide was denied a U.
Finance Minister Enoch Godongwana has warned that South Africa stands to lose around 100,000 jobs due to US tariffs if a trade deal is not renewed.In an interview with Bloomberg Television, Godongwana said the country’s automotive sector,
South Africa's President Cyril Ramaphosa has opposed what he calls the "unilateral" higher trade tariffs imposed on his country by the US. US President Donald Trump announced on Monday that he would subject imports from South Africa to a new 30% tariff from 1 August.
U.S. President Donald Trump's tariffs on South Africa could cause around 100,000 job losses, with the agriculture and automotive sectors hardest-hit, central bank governor Lesetja Kganyago said on Wednesday.
Trump sent a letter to Ramaphosa on Monday, July 7, informing him that BRICS nation South Africa would face a 30 percent reciprocal tariff from August 1, 2025, to reflect the trade barriers he said the U.S. faces. Trump sent similar letters to 13 other countries.