South Africa remains a key player in the global automotive industry, exporting top models like the Volkswagen Polo, Mercedes-Benz C-Class, Toyota Hilux, Ford Ranger, and BMW X3. Last year alone, the country's vehicle and component exports totalled approximately 14 billion US dollars, with 10% destined for the United States- thanks in part to the benefits of the African Growth and Opportunity Act (AGOA). But the industry now faces a major hurdle . On Wednesday, April 30th, the Trump administration will impose a 25% tariff on all foreign vehicles entering the U.S., a move that could have serious implications for South Africa's auto exports. Channel Africa business reporter Innocent Semosa has more

<p>South Africa remains a key player in the global automotive industry, exporting top models like the Volkswagen Polo, Mercedes-Benz C-Class, Toyota Hilux, Ford Ranger, and BMW X3. Last year alone, the country's vehicle and component exports totalled approximately 14 billion US dollars, with 10% destined for the United States- thanks in part to the benefits of the African Growth and Opportunity Act (AGOA). But the industry now faces a major hurdle . On Wednesday, April 30th, the Trump administration will impose a 25% tariff on all foreign vehicles entering the U.S., a move that could have serious implications for South Africa's auto exports. Channel Africa business reporter Innocent Semosa has more</p>

In-depth financial issues, profiling of African businesses doing well internationally, stocks & market updates.

<p>In-depth financial issues, profiling of African businesses doing well internationally, stocks &amp; market updates.</p>