SA’s sugar and automotive trade with the EU is a matter of concern for the ANC should Britain leave the union on Friday. Speaking at a manifesto briefing at the party’s headquarters on Sunday‚ trade and industry minister Rob Davies said his department was “watching very closely” the processes and implications of Brexit as the EU remained the country’s largest trading partner‚ and investor‚ as a bloc. If the UK were to “crash out” of the EU without any agreements in place‚ the World Trade Organisation’s terms of trade would apply — which may affect duties on products like sugar and automotive vehicles imported to SA, he said. Davies said the party was also concerned about the trade war between the US and China‚ adding that SA had become “collateral damage” in the battle. According to a document produced by the ANC at the briefing‚ which was read out by small business development minister Lindiwe Zulu‚ the EU represents 77% of SA’s total foreign direct investment‚ the total trad...

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