G20 Finance Chiefs Approach Consensus in South Africa
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South Africa's main coalition partners are embroiled in a spat over how to respond to looming tariffs from a hostile Trump administration, after the smaller party said the president's aide was denied a U.
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.
Naamsa has warned that new US tariffs on South Africa could decimate the local vehicle manufacturing export industry.
The South African coalition government is facing internal conflicts due to a dispute over how to address impending tariffs from the U.S. The Democratic Alliance claims a visa was denied to a key negotiator by the U.
South Africa’s central bank Governor Lesetja Kganyago signaled confidence that inflation would remain within its target for the next two years, despite uncertainties stemming from US tariffs.
President Donald Trump revealed new higher tariff rates for more than a dozen countries after hitting Japan and South Korea first earlier in the day.
US stocks fell Monday as President Donald Trump announced a flurry of tariffs on countries including Japan, South Korea and South Africa.
Lesetja Kganyago, South African Reserved Bank (SARB) governor said U.S. tariffs on South Africa could cause around 100,000 job