LUNCEDO MTWENTWE: Unlocking a sleeping giant: SA’s SME township economy
With the right investment, South Africa could see a new generation of industry leaders emerging from townships
The global trade landscape is shifting dramatically. In a move that could have serious economic consequences, US President Donald Trump recently announced a 10% tariff on all imports to the US, with additional reciprocal tariffs for dozens of countries, hitting South Africa with a staggering 30% levy.
Given that the US is South Africa’s second-largest trading partner after China, this policy shift raises urgent questions about how local businesses and small and medium enterprises (SMEs) can adapt. As major economies prioritise domestic industries, South Africa must consider how to strengthen its own economic resilience...
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