South Africa's Proactive Approach to Finding New Trade Partners as US Tariffs Loom

South Africa's proactive approach to finding new trade partners as US tariffs loom

Ramaphosa urges export market diversification amid US tariff threats - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

President Cyril Ramaphosa says the threat of US tariffs on South African goods highlights the need for exporters to diversify their destination markets. He was speaking at a BMW celebration of its five-decade investment in the country at its Rosslyn car manufacturing plant in Pretoria. The event’s theme was: “Leading Today, Enabling Tomorrow.” Ramaphosa also touches on the need for exporters of all kinds, not just automotive manufacturers, to ey…

South Africa’s FDI momentum threatened by looming US tariffs

South Africa’s foreign direct investment (FDI) inflows are experiencing a notable upswing, yet this momentum faces a substantial threat from impending U.S. tariffs and entrenched domestic issues, experts cautioned today. According to data from the South African Reserve Bank, FDI inflows surged by 56 percent to $661 million in the first quarter of 2025. This impressive performance has seen South Africa climb from 11th to 7th place in the prestigi…