Dubai Telegraph - S.Africa says talks with Trump aim to salvage trade

EUR -
AED 4.334368
AFN 77.894758
ALL 96.747448
AMD 446.136227
ANG 2.112695
AOA 1081.6655
ARS 1702.480769
AUD 1.69272
AWG 2.125878
AZN 2.00686
BAM 1.957764
BBD 2.377785
BDT 144.384818
BGN 1.982033
BHD 0.444913
BIF 3498.523848
BMD 1.180224
BND 1.503608
BOB 8.157216
BRL 6.197829
BSD 1.180584
BTN 106.692012
BWP 15.629743
BYN 3.381692
BYR 23132.385833
BZD 2.374281
CAD 1.613779
CDF 2625.997782
CHF 0.916839
CLF 0.025797
CLP 1018.509037
CNY 8.19329
CNH 8.184451
COP 4338.703206
CRC 585.287044
CUC 1.180224
CUP 31.27593
CVE 110.375707
CZK 24.240023
DJF 209.749378
DKK 7.466918
DOP 74.504728
DZD 153.397249
EGP 55.447707
ERN 17.703357
ETB 183.94936
FJD 2.60546
FKP 0.864141
GBP 0.870657
GEL 3.174617
GGP 0.864141
GHS 12.962056
GIP 0.864141
GMD 86.740757
GNF 10361.392499
GTQ 9.055082
GYD 246.987729
HKD 9.221767
HNL 31.184278
HRK 7.536084
HTG 154.87534
HUF 379.297924
IDR 19909.607804
ILS 3.682233
IMP 0.864141
INR 106.520683
IQD 1546.551194
IRR 49716.926371
ISK 144.790096
JEP 0.864141
JMD 184.6452
JOD 0.836739
JPY 185.038434
KES 152.296234
KGS 103.210396
KHR 4764.79929
KMF 492.153066
KPW 1062.236802
KRW 1728.880289
KWD 0.362777
KYD 0.983833
KZT 582.254002
LAK 25374.450629
LBP 105723.736932
LKR 365.336433
LRD 219.591414
LSL 19.07233
LTL 3.484894
LVL 0.713906
LYD 7.478501
MAD 10.835668
MDL 20.063208
MGA 5223.23892
MKD 61.65878
MMK 2478.214053
MNT 4212.403865
MOP 9.500512
MRU 47.092234
MUR 54.337584
MVR 18.246005
MWK 2047.053199
MXN 20.516809
MYR 4.658371
MZN 75.251445
NAD 19.07233
NGN 1614.628457
NIO 43.443574
NOK 11.511271
NPR 170.70722
NZD 1.971393
OMR 0.453812
PAB 1.180594
PEN 3.96838
PGK 5.132148
PHP 69.355866
PKR 330.553045
PLN 4.220858
PYG 7795.819224
QAR 4.302716
RON 5.092197
RSD 117.389791
RUB 90.583357
RWF 1723.108581
SAR 4.425983
SBD 9.518088
SCR 16.183279
SDG 709.929084
SEK 10.645147
SGD 1.50269
SHP 0.885474
SLE 28.974233
SLL 24748.701417
SOS 673.475497
SRD 44.695013
STD 24428.249115
STN 24.524598
SVC 10.32936
SYP 13052.773144
SZL 19.063201
THB 37.487492
TJS 11.049883
TMT 4.136684
TND 3.420831
TOP 2.841695
TRY 51.385957
TTD 7.994018
TWD 37.355849
TZS 3050.878502
UAH 50.942996
UGX 4214.226879
USD 1.180224
UYU 45.555692
UZS 14480.523997
VES 446.106113
VND 30650.411229
VUV 141.258236
WST 3.217697
XAF 656.646218
XAG 0.015492
XAU 0.000243
XCD 3.189613
XCG 2.127643
XDR 0.815654
XOF 656.615587
XPF 119.331742
YER 281.276853
ZAR 19.111428
ZMK 10623.420988
ZMW 21.929181
ZWL 380.031571
  • RYCEF

    -0.0600

    16.62

    -0.36%

  • CMSC

    0.0400

    23.56

    +0.17%

  • RBGPF

    0.1000

    82.5

    +0.12%

  • SCS

    0.0200

    16.14

    +0.12%

  • NGG

    -0.5900

    87.2

    -0.68%

  • CMSD

    0.0000

    23.87

    0%

  • VOD

    -1.0350

    14.675

    -7.05%

  • RIO

    -4.2600

    92.22

    -4.62%

  • BCC

    -2.1300

    88.1

    -2.42%

  • BCE

    -1.0190

    25.321

    -4.02%

  • GSK

    2.0300

    59.26

    +3.43%

  • AZN

    1.4000

    188.85

    +0.74%

  • BTI

    0.4200

    62.05

    +0.68%

  • BP

    -1.0000

    38.2

    -2.62%

  • JRI

    0.0450

    13.195

    +0.34%

  • RELX

    0.2800

    30.06

    +0.93%

S.Africa says talks with Trump aim to salvage trade
S.Africa says talks with Trump aim to salvage trade / Photo: Rodger Bosch - 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.

J.Chacko--DT