The Money Minute with Zinathi Gquma: What South Africa’s AGOA exclusion means for small businesses in the export value chain
Zinathi Gquma is back for this week's Money Minute. The United States has excluded South Africa and Rwanda from the African Growth and Opportunity Act (AGOA), which allowed more than 1,800 South African products to enter the US market tariff-free.
While the headlines focus on major exporters and industries like automotive and agriculture, the impact could reach much further; including smaller businesses supplying parts, products and services to those exporters.
So, what does losing AGOA access mean for small businesses in South Africa's export supply chain, and could new opportunities in markets like China and the rest of Africa help soften the blow?
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