The China Mail - S.Africa says talks with Trump aim to salvage trade

USD -
AED 3.67297
AFN 70.194729
ALL 86.94804
AMD 386.188633
ANG 1.789679
AOA 916.999782
ARS 1138.5001
AUD 1.55046
AWG 1.8025
AZN 1.689682
BAM 1.734296
BBD 2.019296
BDT 121.510659
BGN 1.74031
BHD 0.376965
BIF 2976.097048
BMD 1
BND 1.293978
BOB 6.925631
BRL 5.646298
BSD 1.00016
BTN 85.398858
BWP 13.533201
BYN 3.272976
BYR 19600
BZD 2.008921
CAD 1.396265
CDF 2871.000174
CHF 0.835121
CLF 0.024521
CLP 940.979431
CNY 7.2095
CNH 7.21586
COP 4172
CRC 506.065335
CUC 1
CUP 26.5
CVE 97.77693
CZK 22.152006
DJF 177.720081
DKK 6.642915
DOP 58.933068
DZD 133.030996
EGP 50.0528
ERN 15
ETB 134.687008
EUR 0.890565
FJD 2.26455
FKP 0.753275
GBP 0.749202
GEL 2.740031
GGP 0.753275
GHS 12.302194
GIP 0.753275
GMD 72.50172
GNF 8660.837797
GTQ 7.679211
GYD 209.242829
HKD 7.82154
HNL 26.023304
HRK 6.709399
HTG 130.865818
HUF 357.957013
IDR 16444.3
ILS 3.54115
IMP 0.753275
INR 85.40185
IQD 1310.165644
IRR 42112.471583
ISK 129.950276
JEP 0.753275
JMD 159.374667
JOD 0.709004
JPY 145.051971
KES 129.219518
KGS 87.450326
KHR 4009.062734
KMF 441.499323
KPW 900
KRW 1390.35018
KWD 0.30734
KYD 0.833433
KZT 510.800553
LAK 21628.380266
LBP 89612.350857
LKR 299.932607
LRD 200.029263
LSL 18.059979
LTL 2.95274
LVL 0.60489
LYD 5.518214
MAD 9.236867
MDL 17.431246
MGA 4500.370228
MKD 54.812763
MMK 2099.691891
MNT 3573.979595
MOP 8.056682
MRU 39.630405
MUR 46.220336
MVR 15.46005
MWK 1734.260897
MXN 19.35075
MYR 4.291003
MZN 63.900282
NAD 18.059979
NGN 1602.120229
NIO 36.799915
NOK 10.316982
NPR 136.638527
NZD 1.689435
OMR 0.384989
PAB 1.000102
PEN 3.687174
PGK 4.15706
PHP 55.803977
PKR 282.582556
PLN 3.782218
PYG 7988.685135
QAR 3.64532
RON 4.487983
RSD 103.961976
RUB 80.748231
RWF 1432.226198
SAR 3.750896
SBD 8.340429
SCR 14.500677
SDG 600.498478
SEK 9.69773
SGD 1.295199
SHP 0.785843
SLE 22.692558
SLL 20969.500214
SOS 571.613527
SRD 36.448499
STD 20697.981008
SVC 8.751286
SYP 13001.861836
SZL 18.055014
THB 33.129727
TJS 10.326554
TMT 3.505
TND 3.010144
TOP 2.342103
TRY 38.842602
TTD 6.788919
TWD 30.147497
TZS 2684.999823
UAH 41.621768
UGX 3657.822864
UYU 41.721349
UZS 12918.986983
VES 94.206225
VND 25950.5
VUV 121.122053
WST 2.778524
XAF 581.684602
XAG 0.030933
XAU 0.00031
XCD 2.70255
XDR 0.729334
XOF 581.666548
XPF 105.753201
YER 244.097614
ZAR 18.08746
ZMK 9001.19782
ZMW 26.981277
ZWL 321.999592
  • RBGPF

    1.5000

    64.5

    +2.33%

  • RYCEF

    0.2100

    10.91

    +1.92%

  • NGG

    1.1500

    72.43

    +1.59%

  • CMSC

    0.1100

    22.16

    +0.5%

  • SCS

    -0.1500

    10.35

    -1.45%

  • BTI

    0.9400

    43.58

    +2.16%

  • CMSD

    0.1090

    22.169

    +0.49%

  • GSK

    0.3200

    37.96

    +0.84%

  • BP

    -0.3600

    29.4

    -1.22%

  • RIO

    -0.2500

    62.39

    -0.4%

  • RELX

    0.4600

    55.03

    +0.84%

  • VOD

    0.1900

    9.64

    +1.97%

  • JRI

    -0.1100

    12.79

    -0.86%

  • BCC

    -0.7200

    91.19

    -0.79%

  • AZN

    0.8800

    69.69

    +1.26%

  • BCE

    0.0100

    21.57

    +0.05%

S.Africa says talks with Trump aim to salvage trade
S.Africa says talks with Trump aim to salvage trade / Photo: © AFP/File

S.Africa says talks with Trump aim to salvage trade

Securing South Africa's trade ties with the United States will be a key aim of President Cyril Ramaphosa, who Monday began a Washington visit that will feature a meeting with Donald Trump, Ramaphosa's office said.

Text size:

Ramaphosa arrived late Monday accompanied by four cabinet ministers on the high-stakes visit. He is expected to meet Trump at the White House on Wednesday.

"The purpose of the visit is to reset and revitalise bilateral relations between South Africa and the United States (US)," read a statement issued by the Pretoria presidency.

"In this regard, the visit will focus specifically on reframing bilateral, economic and commercial relations," the statement added.

Ties between Pretoria and Washington have plummeted since Trump -- whose administration notably features South Africa-born Elon Musk at the head of the "Department of Government Efficiency" -- took office in January.

Ramaphosa's visit is seen as an attempt to reset the relationship.

A priority is securing trade relations in order to "protect jobs, grow the economy and expand employment opportunities", Agriculture Minister John Steenhuisen said before Ramaphosa arrived.

Ramaphosa was accompanied by his ministers for international relations, trade and agriculture and also his special envoy to the United States, Mcebisi Jonas.

The United States is South Africa's second-largest trading partner, behind China.

Trump's sweeping trade tariffs announced in April -- subsequently paused for 90 days -- included a levy of 31 percent on South African imports, which some industries say could result in massive lay offs.

Steenhuisen said of particular concern was the future of the African Growth and Opportunity Act (AGOA) which provides duty-free access to the US market for some African products.

There are fears that the Trump administration will end the agreement, which is up for renewal in September.

"Preferential trade agreements such as AGOA contribute significantly to our economy," Steenhuisen said in a statement.

"Losing these benefits would be disastrous for farmers, farm workers and the economy at large," he said.

With South African unemployment at around 32 percent, economic growth and job creation is also priority for Ramaphosa's government.

The president will also attempt to affirm that conspiracies of a "white genocide" are "patently false", his spokesman Vincent Magwenya said.

Trump's administration welcomed around 50 people from the Afrikaner community last week after claiming the white minority was under threat in the black-majority country.

Steenhuisen is a leader of the pro-business Democratic Alliance (DA) party that joined Ramaphosa's government of national unity, formed after last year's elections.

Ramaphosa is also expected to encourage Trump to attend the G20 summit of leading economies that South Africa hosts in Johannesburg in November and which the US president has threatened to skip.

O.Yip--ThChM