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Disaster for South Africa with 40,000 more jobs on the line | SA News

Staff Writer
 ·24 Oct 2025

The South African Reserve Bank (SARB) has warned that the ongoing US tariffs on local exports and the end of the African Growth and Opportunity Act (AGOA) will eat away at already low growth and cost thousands of jobs.

The central bank noted in its Monetary Policy Review this week that it expects South Africa’s economy to grow moderately in 2025 and 2026, but will not breach above 1.5%.

The second half of 2025 has been hit by weak fixed investment and the implementation of the Trump administration’s tariffs, meaning the economy…

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  1. Fun South African Fact: Water is not all there is to drink in this thirsty country! South Africa’s Cape Winelands have around 560 wineries and 4 400 primary producers. Included in the Cape Winelands region is Route 62, considered the longest wine route in the world. That alone is good reason to visit South Africa if you haven’t yet been!