Citrus growers in South Africa are among the businesses most nervous that duty-and-quota-free exports to the United States could be scrapped next year when Donald Trump takes office again.
The fruits are among 1,800 products across 32 African countries benefiting from preferential market access under the African Growth and Opportunity Act (Agoa), with companies in South Africa, Kenya, Nigeria and Ghana reaping the most dollars in profits.
But with president-elect Trump having vowed to impose at least a 10% tariff on all imports to the United States, there is no certainty Agoa will be renewed.
Analysts say the legislation, passed in 2000 and set to expire next year, could be modified, if not withdrawn altogether, with potential negative ramifications for companies and jobs across Africa.
"We need this competitive edge," Justin Chadwick, CEO of the Citrus Growers' Association of Southern Africa, which also represents Zimbabwe and Swaziland-based orchards, said.
"Should South Africa be removed from Agoa, thousands of rural jobs could be impacted, as well as over R1 billion in export revenue could be lost," he said.
This story is from the November 15, 2024 edition of The Citizen.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the November 15, 2024 edition of The Citizen.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Ghaaleb to extend Costa's lead
Jebel Ali-based Australian trainer Michael Costa has begun the new season in the UAE in terrific style and has already saddled eight winners.
Suny Du Loup for Abu Dhabi Prep
Racing in the UAE steps up a gear at Abu Dhabi today with the running of the HH The President Cup Prep, the first Listed race for Arabians of the new season.
Andi's Girl to take the Pudding
Sukhumvit stands out as the obvious danger.
There is nothing haphazard about Richard
Once again Richard Fourie looks the person to follow at Fairview today when they race on the Polytrack.
Emerald fetches a record R163m
Auction price exceeds that of Liz Taylor’s wedding gift from Richard Burton.
Irma Stern tops auction sales
Elite group of South African artists attract enthusiastic bids here and internationally.
Thirst-quenching sale
Inaugural auction features curated selection of the rarest Cape fine brandies.
POWER PACKED BOKS
ERASMUS: HAULS OUT THE BIG GUNS FOR MASSIVE ENGLAND SHOWDOWN
Tyson v Paul: fight or farce?
The sport of boxing has over the years never been short of its array of colourful, controversial characters and news-makers for both the right and wrong reasons.
Qualifying pressure lifts on Bafana
Bafana Bafana qualified for the 2025 Africa Cup of Nations finals yesterday without kicking a ball.