SA economy, trade relations hang in the balance
Charge that weapons were loaded onto a Russian ship at Cape naval base could have severe repercussions, experts say
14 May 2023 - 11:47
There are fears that US charges that South Africa loaded arms onto a Russian cargo ship in Simon’s Town in December — a potential sanctions-busting move — could lead to a huge sell-off of assets by foreigners, triggering a liquidity crisis.
Tensions with the US added a layer of uncertainty to an already difficult market environment and could spark stronger responses from the South African Reserve Bank, according to economists...
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