Minister in the Presidency, Khumbudzo Ntshavheni says South Africa intends on expanding its export market to Asia, Euroupe, the Middle East and the African continent. This in response to the 30 percent tariffs which are to kick off from midnight today and where placed by the US administration under President, Donald Trump. The presidency had also indicated earlier today that President Cyril Ramaphosa had reached out to his US counterpart, President Trump in order to bolster South Africa's negotiation efforts on trade agreements with the US. Ntshavheni has been briefing the media on the outcomes of a Cabinet meeting held on Tuesday.

Meanwhile, a reprieve from a 50 percent U.S. tariff on goods from Lesotho has come too late to prevent damage to the African kingdom's textiles industry, which has been hit hard by months of trade uncertainty. Lesotho's tariff rate was slashed to 15 percent in last week's executive order by U.S. President Donald Trump, down from the level of 50 percent tariff threatened in April. Here is the latest report by the Reuters News Agency...

Dr. Stavros Nicolaou from the BRICS Business Council, says the country needs to have the correct data moving forward in order to make informed decisions moving forward...