Academic weighs in on possibility of South Africa losing AGOA trade benefits
The trade relationship between South Africa and the United States (US) faces uncertainty as tensions between Pretoria and Washington grow. The potential loss of benefits under the African Growth and Opportunities Act (AGOA) raises concerns about economic consequences for key industries.
"If South Africa loses AGOA benefits, the impact will be felt in manufacturing and agriculture," said Mpho Lenoke, an academic at the North-West University (NWU). "Increased tariffs will make South African products less competitive in the US market, affecting export revenue."