Your editorial opinion refers (“Gambling with SA’s economy”, July 22).
The major problem any SA ambassador to the US will face is that reciprocal trade with no or reduced tariffs is not just about a trade agreement under the Trump administration any more.
For SA to negotiate a trade agreement it is going to have to show willingness to compromise on BEE, including ownership regulations and legislated racial discrimination against minorities.
With the ANC in charge of economic policy, I just cannot see this happening. So, it is only if/when the ANC are no longer dictating economic and foreign policy that some concrete steps may be made to move away from policies preventing trade.
I’m afraid 40% US tariffs will be a reality for some time to come — as well as the resulting job losses. ANC destruction continues unabated.
Ian Ferguson
Via BusinessLIVE
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