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Daily Maverick reports that the Department of Trade, Industry and Competition (DTIC) indicated on Monday that US President Donald Trump’s tariff on SA could put about 30,000 jobs at risk.
“We’ve based this on the ongoing consultations that we have with all the sectors of the economy – from automotive, agriculture and all the other sectors that are going to be impacted – and at this stage we are sitting at approximately 30,000 jobs that could be affected by this,” DTIC director-general Simphiwe Hamilton said. Hamilton, along with DTIC Minister Parks Tau, Department of International Relations and Cooperation (Dirco) Minister Ronald Lamola and Dirco director-general Zane Dangor briefed the media on SA’s response to the US tariff in Joburg. The tariff is expected to come into effect at 12.01am on 8 August.
On Friday, President Cyril Ramaphosa announced that Pretoria was preparing a package to support companies that were vulnerable to the US tariff, which included the formation of an Export Support Desk to support SA exporters, as set up by the DTIC last week. On Monday, Tau said his department would be sharing “a set of more detailed proposals” on SA’s tariff response package with the Cabinet on Wednesday that “would elaborate on the structure of the support package”. In a statement issued on Monday, the DA blamed Tau and Lamola for the tariff outcome, accusing them of “negligence and ineptitude” in failing to secure a trade deal.
- Read the full original of the report in the above regard by Victoria O’Regan & Yeshiel Panchia at Daily Maverick
- Lees ook, Ramaphosa betreur “baie straf” Amerikaanse tariewe, by Maroela Media
Get other news reports at the SA LabourNews home page