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Sunday, June 8, 2025

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How Trump's tariffs impact South Africa's billionaires and threaten thousands of jobs

Donald Trump’s trade tariffs protected South Africa’s richest but put thousands of jobs at risk in one of the world’s most unequal countries.

Business Jobs
Nicola Mawson|Published

Escalating US tariffs send SA market into tailspin amid political uncertainty

South Africa's economy faces mounting pressure as the rand plummets to a near two-year low amidst escalating US-China trade tensions and uncertainty over the future of the Government of National Unity. Experts warn that further political instability could drive the rand beyond R22. 00/$1, while global markets experience their steepest declines since the COVID-19 pandemic

Business Report
Siphelele Dludla|Published