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No trade deal for South Africa to avoid 30% tariffs, and blow to proposed cleaning tax | SA News

Malcolm Libera
 ·1 Aug 2025

The rand remained at its weakest levels since May 15, reflecting investor uncertainty ahead of trade negotiations with the United States. 

It traded at 18.13 against the US dollar. Meanwhile, the central bank cut its key interest rate by 25 basis points to 7.00%, a decision that was unanimously supported by the Monetary Policy Committee. 

This move aligns with the median forecast of economists surveyed by Reuters. 

Following the Reserve Bank’s announcement on Thursday to lower its inflation target, South Africa’s government…

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