Ramaphosa Announces Urgent Support Measures Amid US Tariff Increase

President Cyril Ramaphosa has announced urgent support measures to cushion South African businesses and protect jobs in the face of looming US tariff hikes. These reciprocal tariffs, initially scheduled to take effect on August 1, will now take effect on August 7, 2025. Speaking at the union buildings, Ramaphosa warned that South Africa, as the continent’s most industrialised economy, is likely to be targeted by the proposed 30% tariff increases […]