Trump’s tariffs put 100,000 jobs at risk in South Africa, central bank chief says
Governor of the South African Reserve Bank Lesetja Kganyago attends a seminar titled “The Evolving Art of Monetary Policy in Emerging Markets” during the 2025 annual IMF/World Bank Spring Meetings in Washington, DC, US on April 25, 2025.
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 on Wednesday.
Kganyago told local radio station 702 that the impact of the 30 percent tariff, which Africa’s biggest economy faces from August 1, could cause significant damage to specific industries.
