Brexit Scenarios for South Africa
Following the United Kingdom’s (UK) vote to leave the European Union (EU) on 23 June 2016, the UK is faced with a few possible scenarios. These scenarios would then also affect South Africa.
South Africa remains eligible for benefits under AGOA
South Africa has narrowly avoided suspension from the African Growth and Opportunity Act (“AGOA”). Last night President Obama issued a proclamation revoking South Africa’s impending suspension from AGOA.
US and South Africa reach deal on AGOA
Minister of Trade and Industry Rob Davies announced to Parliament this week that South Africa has managed to reach agreement with the United States on a long-standing trade dispute on US chicken imports into South Africa, which threatened to derail South Africa's continued inclusion under the renewed African Growth and Opportunity Act (AGOA).
UK votes for Brexit – Trade with SA may suffer
The United Kingdom (UK) narrowly voted to leave the European Union (EU) on 23 June 2016. David Cameron resigned as expected and the markets are reeling. But what does the UK’s decision to leave the EU have to do with trade with South Africa (SA)? Unfortunately, there will be implications for trade between SA and the UK.
Protection of Investment Act signed by Zuma
On 13 December 2015 President Zuma assented to the Protection of Investment Bill. This follows the South African government’s refusal to renew bilateral investment protection treaties with several EU member countries and the later introduction of what was then known as the Promotion and Protection of Investment Bill in 2013.
What are the trade implications of ‘Brexit’ for South Africa?
Although the reasons behind “Brexit” are varied, most businesses would just like to know what the impact on them would be.
SA Agricultural Exporters May Lose Valuable US AGOA Benefits
US President Barack Obama yesterday released a letter in which he announced his intent to suspend the duty-free treatment for all South African AGOA-eligible exports in the agricultural sector within 60 days from the date of his letter.
ITAC lauches anti dumping investigation on wheelbarrows
On 20 June 2014 the International Trade Administration of South Africa (ITAC) initiated an anti-dumping investigation on wheelbarrows imported from the People's Republic of China.