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Trump’s tariffs put 100,000 jobs at risk in South Africa, central bank chief says | SA News

Governor of the South African Reserve Bank Lesetja Kganyago attends a seminar titled “The Evolving Art of Monetary Policy in Emerging Markets” during the 2025 annual IMF/World Bank Spring Meetings in Washington, D.C., U.S., April 25, 2025. REUTERS/Elizabeth Frantz/File Photo

JOHANNESBURG, July 16 (Reuters) – U.S. President Donald Trump’s tariffs on South Africa could cause around 100,000 job losses, with the agriculture and automotive sectors hardest-hit, central bank governor Lesetja Kganyago said on Wednesday.

Kganyago told local radio station 702 that the impact of the 30% tariff, which Africa’s biggest economy faces from August 1, could cause significant damage to specific…

Rand: The currency of South Africa is the South African Rand (ZAR).

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