Finance chiefs of G20 countries were close to agreeing a common position on trade and other global challenges on Friday, which would be the first since U.S. President Donald Trump's election victory and tariff war.

South African central bank chief Lesetja Kganyago flagged that dollar depreciation because of US tariffs and deflation in China are clouding the outlook for inflation locally ahead of a rate-setting meeting at the end of the month.

US President Donald Trump’s tariffs on South Africa could cause around 100,000 job losses, with the agriculture and automotive sectors hardest-hit, central bank governor Lesetja Kganyago said