
SA assesses potential impact of 30% tariff
READ: Ramaphosa responds to Trump's 30% tariff
Others, like steel and aluminium are hit with 50 percent tariffs.
This could make South African goods unaffordable to Americans.
The African United Business Confederation says the situation is deeply concerning. George Sebulela from the Confederation discussed this with eNCA.
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The South African
an hour ago
- The South African
Back in business! MaMkhize heads up new soccer club
Shauwn Mkhize – also known as MaMkhize – has officially been named the president of the eSwatini soccer club, Mbabane Highlanders. This comes months after her South African team, Royal AM, was seized by SARS to pay off her R40 million debt. The club was later expelled from the PSL. The millionaire businesswoman has come under fire over her numerous clashes with the law, including tax evasion, fraud, forgery, and bribery. In a press release, Mbabane Highlanders, now named Mbalane Highlanders AM, confirmed that MaMkhize had become the club's president. In a video clip, MaMkhize revealed that she had added a 'touch of gold' and her signature 'AM', and that players of the eSwatini club would now wear black and gold. She said in a special welcome ceremony on Saturday, 12 July, of her new club allegiance: 'Today marks a new chapter, not a takeover but a partnership. A merging of histories between Eswatini and South Africa, rooted in shared ambition and excellence. 'Together, we will raise the standard, grow our talent, and bring this club the success it deserves. 'My promise is simple: I will lead with integrity, vision and heart. We're not here to participate, we're here to elevate'. Although the club has adopted many elements of the her Royal AM club, MaMkhize does not own the Swati counterpart. According to Sunday World, the businesswoman was given a three-year contract to manage the club. MaMkhize's deal with Mabalane Highlighers comes months after the bosses of fellow eSwatini club Moneni Pirates laughed off claims that she was their potential new owner. The reality TV star made headlines when she attended the club's Ingwenyama Cup final against Royal Leopards in Apil. Speaking to FARPost , Moneni Pirates president Thulani Xaba stated that he was unaware of any deal on the table. He said: 'I haven't spoken to or met her. There's nothing that has been spoken from my end to me…. I think it's just more mileage for her socials'. Xaba also shadily responded to MaMkhize's criminal allegations and implied that she was who they would wanted representing the club. Let us know by leaving a comment below, or send a WhatsApp to 060 011 021 1 . Subscribe to The South African website's newsletters and follow us on WhatsApp , Facebook , X, and Bluesky for the latest news.


eNCA
3 hours ago
- eNCA
Trump says Mexico, EU to face 30% tariff from Aug 1
President Donald Trump on Saturday targeted Mexico and the European Union with steep 30% tariffs, dramatically raising the stakes in already tense negotiations with two of the largest US trading partners. Both sets of duties would take effect August 1, Trump said in formal letters posted to his Truth Social platform. The president cited Mexico's role in illicit drugs flowing into the United States and a trade imbalance with the EU as meriting the tariff threat. The EU swiftly slammed the announcement, warning that it would disrupt supply chains, but insisted it would continue talks on a deal ahead of the deadline. Since returning to the presidency in January, Trump has unleashed sweeping tariffs on allies and competitors alike, roiling financial markets and raising fears of a global economic downturn. But his administration is coming under pressure to secure deals with trading partners after promising a flurry of agreements. So far, US officials have only unveiled two pacts, with Britain and Vietnam, alongside temporarily lower tit-for-tat duties with China. The fresh duties for Mexico announced by Trump would be higher than the 25 percent levy he imposed on Mexican goods earlier this year, although products entering the United States under the US-Mexico-Canada Agreement (USMCA) are exempted. "Mexico has been helping me secure the border, BUT, what Mexico has done, is not enough," Trump said in his letter to Mexican President Claudia Sheinbaum. "Starting August 1, 2025, we will charge Mexico a Tariff of 30% on Mexican products sent into the United States." The EU tariff is also markedly steeper than the 20% levy Trump unveiled in April, as negotiations with the bloc continue. "Imposing 30 percent tariffs on EU exports would disrupt essential transatlantic supply chains, to the detriment of businesses, consumers and patients on both sides of the Atlantic," European Commission chief Ursula von der Leyen said in a statement, in reply to Trump's letter to her. "We remain ready to continue working towards an agreement by August 1. At the same time, we will take all necessary steps to safeguard EU interests, including the adoption of proportionate countermeasures if required," she added. The EU, alongside dozens of other economies, had been set to see its US tariff level increase from a baseline of 10% on Wednesday, but Trump pushed back the deadline to August 1. Since the start of the week, Trump has sent out letters to more than 20 countries with updated tariffs for each, including a 35 percent levy for Canada. A US official has told AFP that the USMCA exemption was expected to remain for Canada. Brussels said Friday that it was ready to strike a deal with Washington to prevent the return of 20% levies. The EU has prepared retaliatory duties on US goods worth around 21 billion euros after Trump also slapped separate tariffs on steel and aluminum imports earlier this year, and they are suspended until July 14. European officials have not made any move to extend the suspension but could do it quickly if needed. "Despite all the movement toward a deal, this threat shows the EU is in the same camp of uncertainty as almost every other country in the world," said Josh Lipsky, chair of international economics at the Atlantic Council. He told AFP that the path forward now depends on how the EU responds, calling it "one of the most precarious moments of the trade war so far." By Beiyi Seow


The South African
6 hours ago
- The South African
'We'll never allow it': EFF vows to 'stop' Starlink in SA
The Economic Freedom Fighters (EFF) have doubled down on the rejection of Starlink being granted a licence to operate in South Africa. This comes after Elon Musk's internet satellite service company is reportedly planning to 'work around' the country's Black Economic Empowerment (BEE) policies, which require a stake in local shareholding for foreign investors. Musk has repeatedly slammed the transformative legislation as a 'racist law', he claims discriminates against him as he is 'not black'. Addressing parliament on Friday, 11 July, EFF spokesperson Sinawe Thambo rejected Minister of Communications and Digital Technologies Solly Malatsi's plan to introduce equity equivalent investment programmes (EEIPs) as an alternative to transformative legislation like BEE. He said: 'This is a proposal we've objected to because the so-called alignment would require an amendment to legislation. And can't be achieved through a ministerial policy directive.' Elon Musk's plan to launch Starlink in South Africa has been met by heavy opposition. Images via X: @starlink Referring to Starlink creator Elon Musk, Thambo continued: 'We will never allow Starlink, which has weaponised misinformation and captured the White House, to erode US and South African diplomatic relations in order to ease business access in South Africa. 'We view that as economic and diplomatic terrorism. Even if Starlink were to meet equity equivalence requirements, there's a security threat that it poses. That means it must never be allowed to operate in South Africa. And we will never allow it to do so'. In May, Minister of Communications and Digital Technologies Solly Malatsi gazetted a policy direction for his department on EEIPs, which are considered 'alternatives' to transformative legislation. Without mentioning Starlink, the minister claimed that the policy would 'attract investment,' specifically in operating licensing. The minister revealed that current legislation for foreign investments 'did not allow companies to contribute to transformation goals in ways other than traditional ownership'. Last month, Business Day reported that Starlink, which falls under SpaceX, is looking to invest over R2 billion in South Africa as part of its prospective deal to operate in the country. The internet satellite company will reportedly finance infrastructure to support the Southern African Development Community (SADC), which is made up of 16 countries. The move is thought to be a way to 'work around' local BEE policies, which require foreign investors to hold 30% of the local shares. Let us know by leaving a comment below, or send a WhatsApp to 060 011 021 1 . Subscribe to The South African website's newsletters and follow us on WhatsApp , Facebook , X, and Bluesky for the latest news.