The Cabinet has approved various short to long-term measures to ensure that the production capacity in sectors affected by the US tariffs is maintained and save an estimated 30 000 jobs.

The 30% tariffs slapped on the agricultural and automotive sectors amongst others, by the US, are scheduled to come into effect on Friday.

Minister in the Presidency Khumbudzo Ntshavheni, briefing the media in Pretoria on Thursday, outlines the various interventions, which include the establishment of an export support desk to assist affected companies in absorbing the tariffs and facilitate resilience and growth strategies.

“A localisation support fund for affected companies to contribute to the national effort, and the export and competitiveness support programme, which will include a working capital facility and plant and equipment facility to address short- to medium-term needs across all industries,” says Ntshavheni.

The Minister adds that after consultations with the Competition Commission, a block exemption for exporters has been introduced to enable collaboration and coordination by competitors, adding that a draft block exemption will be published by the end of this week so that the process can be concluded expeditiously.

Ramaphosa, Trump speak in efforts to resolve tensions over the 30% tariff on SA exports:

INFOGRAPHIC | Interactive infographic

by Sibusiso Biyela