Latest News & Developments
trade
Exploring the South Africa-China Partnership: Insights from the Chinese Consul General
The Daily News' editor Ayanda Mdluli enjoys an insightful conversation with Li Zhigong, the Chinese Consul General in Durban, who discusses the growing partnership between South Africa and China, highlighting economic collaboration, cultural exchange, and future opportunities
BRICS+ Series: Unlocking Thailand’s Potential in Trade
Thailand, a new BRICS+ partner, faces significant economic challenges, including rising debt and factory closures, yet its membership may provide a lifeline for revitalising industrial policy and fostering regional cooperation
South Africa reassures on banana imports from Tanzania amid trade discussion
Amid rising speculation about a potential ban on agricultural imports from South Africa, the Department of Agriculture clarifies that no ban on banana imports from Tanzania exists, emphasising strong trade relations between the two nations. "
Will Ramaphosa's visit to the US improve trade relations?
Tensions unlikely to be resolved between South Africa and the US even after President Cyril Ramaphosa's visit to the White House.
BRICS+ Series: What the US-Russia Trade Resurgence Means for Global Geopolitics
Despite ongoing political tensions, US-Russia trade surged to a two-year high in March 2025, revealing the limits of Western sanctions and the persistence of economic interdependence. Driven by US demand for Russian raw materials, this resurgence reflects a broader shift toward pragmatic multipolarism, where geopolitical rivalry coexists with trade necessity—reshaping global multilateralism in a fractured but interconnected world.
China suspends imports of cloven hoofed animals due to Foot and Mouth Disease outbreak in SA
Following the recent Foot and Mouth Disease outbreaks in South Africa, China has suspended imports of cloven hoofed animals and related products.
China suspends imports of cloven hoofed animals due to Foot and Mouth Disease outbreak in SA
Following the recent Foot and Mouth Disease outbreaks in South Africa, China has suspended imports of cloven hoofed animals and related products.
What US tariff moves could mean for SA farmers
AGOA has long been a strategic advantage for local exporters, allowing duty-free access for agricultural products like citrus, avocados, nuts and wine. But with the US’s recent imposition of a 10% blanket tariff on all goods – and a looming 30% tariff – that advantage is at risk. While the headlines focus on big exporters, the longer-term impact may hit smallholder farmers the hardest.
South Africa's economy sees fragile growth despite sector challenges
Despite a 0. 6% GDP growth in South Africa, the economy faces challenges with declines in manufacturing and mining.
South Africa and India: A growing economic partnership
India is on track to overtake Japan as the fourth-largest economy, presenting significant opportunities for South Africa, its fourth-largest trading partner. High Commissioner Professor Anil Sooklal highlights the strengthening economic ties and the growing interest from South African businesses in India.
When a trade war becomes a shooting war
In this analysis, Max Boot revisits Graham Allison’s “Thucydides Trap” theory to warn that the US-China trade war could spiral into something far more dangerous. Boot traces historical parallels - from WWI to Pearl Harbor - to show how economic strife often precedes armed conflict. As Trump’s extreme tariffs and China’s retaliatory measures deepen the rift, he argues that only cool heads and diplomatic compromise can steer the world away from disaster.
Celebrating Higher and Tertiary Education Day: Professor Sooklal's contributions to India-South Africa relations recognised
"The award is in recognition of my work, especially on the education and development front, in promoting relations between our two countries as well as India Africa relations. "
There are no winners in a tariff war: Xi warns US will isolate itself
There are no winners in a tariff war, the Chinese president has said.
Trade colonialism? How US tariffs are reshaping South Africa's economic future
South Africa faces challenging trade conditions with a 32% tariff on exports to the US under Trump's policies. Political analyst Dr Sandile Swana warns that countries seeking favourable trade terms with the US must accept a subordinate position, urging South Africa to diversify its trading partners and develop local economies instead of relying on Western markets.
SA government rejects tit-for-tat approach to Trump's steep trade tariffs
Trade Minister Parks Tau has revealed South Africa's strategic response to Donald Trump's 31% tariffs, rejecting a retaliatory approach in favour of export diversification and WTO reform. With agricultural and automotive sectors most affected, the government will implement trade defence mechanisms while seeking new markets across Africa, Asia and beyond before the tariffs take effect next Wednesday.
SA government rejects tit-for-tat approach to Trump's steep trade tariffs
Trade Minister Parks Tau has revealed South Africa's strategic response to Donald Trump's 31% tariffs, rejecting a retaliatory approach in favour of export diversification and WTO reform. With agricultural and automotive sectors most affected, the government will implement trade defence mechanisms while seeking new markets across Africa, Asia and beyond before the tariffs take effect next Wednesday.
OECD: Navigating the uncertainties of the ocean economy by 2050
The OECD’s report on the ocean economy reveals a doubling in value from $1 trillion in 1995 to $2 trillion in 2020, yet warns of significant threats from climate change and geopolitical tensions. As the ocean economy could quadruple by 2050, urgent action is needed to secure its future.
Fashion industry rallies against the crippling effects of illicit trade
South African fashion leaders unite against illicit trade’s economic threat
Experts question South Africa's steel tariff review deadlines
Industry experts express concerns over the tight deadlines for South Africa's steel tariff review, warning that the proposed measures could lead to significant economic repercussions.
UN urges African nations to harness AfCFTA for economic resilience amid global tensions
The UN Economic Commission for Africa's latest report urges African governments to implement the African Continental Free Trade Area agreement as a strategic response to global economic fragmentation. The report highlights how the AfCFTA could raise Africa's GDP by 1. 2% by 2045, boost intra-African trade by 45%, and create opportunities in manufacturing, agriculture, renewable energy, and digital trade.
Navigating the impact of government decisions on South Africa's steel sector - Donald MacKay
Explore how government policies have reshaped South Africa's steel industry, leading to significant trade-offs and economic challenges for major players like ArcelorMittal South Africa.
South Africa's potential departure from AGOA amid US tensions poses regional risks
South Africa's participation in the African Growth and Opportunity Act (AGOA) hangs in the balance as tensions with the United States escalate. With potential implications for 250,000 jobs and regional trade relationships, experts predict a likely exit by 2026. Meanwhile, domestic political uncertainties add another layer of complexity to South Africa's economic outlook.
How bureaucratic delays led to the collapse of South Africa's R2. 5bn groundnut roasting industry - Donald MacKay
A 50-month delay in processing a simple tariff increase application has led to the closure of South Africa's groundnut roasting industry, highlighting the devastating impact of bureaucratic inefficiency on local businesses.
Ebrahim Rasool is no longer welcome in the US following MISTRA webinar: What he said
US Secretary of State Marco Rubio labels South Africa's ambassador Ebrahim Rasool as 'persona non grata' after controversial remarks at a MISTRA webinar. This is a transcript on what Rasool said.
South Africa’s trade diplomacy under threat as US-Iran tensions escalate
South Africa faces increasing pressure to navigate complex diplomatic waters as the US administration intensifies its stance against Iran, threatening both trade relations and diplomatic ties. Experts warn that SA must carefully balance its BRICS commitments with Western relationships.