Репост из: South Africa Reports
🇿🇦🇺🇸 Tycoon Rupert Says Extension of US Pact Vital for South Africa
Johann Rupert, chairman and founder of Richemont, said the extension of a trade pact that gives South Africa and more than 30 other nations from the continent duty-free access to the world’s biggest economy is vital for his home country.
Rupert, South Africa’s richest person who this month facilitated a call between US President-elect Donald Trump and South African President Cyril Ramaphosa, said the continent’s most-industrialized nation needs to be part of the African Growth & Opportunity Act that expires in September.
“Our automobile industry, our farmers, our exports — we will have a serious blow to the economy if we lose AGOA,” Rupert said at a forum in Stellenbosch, South Africa, on Thursday. “I will try to use whatever little influence I have to try and keep AGOA intact.”
There are concerns that South Africa may lose its access to AGOA after it raised US ire by refusing to condemn Russia’s invasion of Ukraine and took Israel to the International Court of Justice over accusations of genocide in Gaza. That’s led some US lawmakers to call for a review of trade ties with the nation.
https://www.bloomberg.com/news/articles/2024-11-28/tycoon-rupert-says-extension-of-us-pact-vital-for-south-africa
https://archive.is/n3A02
Johann Rupert, chairman and founder of Richemont, said the extension of a trade pact that gives South Africa and more than 30 other nations from the continent duty-free access to the world’s biggest economy is vital for his home country.
Rupert, South Africa’s richest person who this month facilitated a call between US President-elect Donald Trump and South African President Cyril Ramaphosa, said the continent’s most-industrialized nation needs to be part of the African Growth & Opportunity Act that expires in September.
“Our automobile industry, our farmers, our exports — we will have a serious blow to the economy if we lose AGOA,” Rupert said at a forum in Stellenbosch, South Africa, on Thursday. “I will try to use whatever little influence I have to try and keep AGOA intact.”
There are concerns that South Africa may lose its access to AGOA after it raised US ire by refusing to condemn Russia’s invasion of Ukraine and took Israel to the International Court of Justice over accusations of genocide in Gaza. That’s led some US lawmakers to call for a review of trade ties with the nation.
https://www.bloomberg.com/news/articles/2024-11-28/tycoon-rupert-says-extension-of-us-pact-vital-for-south-africa
https://archive.is/n3A02