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BN Briefing: SA’s White House flop - 30% tariff set, Mkhwanazi opens Pandora's box, Musk vs Trump

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In today's BizNews Briefing, South Africa faces a 30% US tariff, among 14 countries, despite President Ramaphosa’s claims of a successful White House meeting. Plus a potential BRICS surcharge. Joel Pollak told BizNews’ Alec Hogg that tensions stem from South Africa’s land reform policies and its ICJ case against Israel, fueling US perceptions of anti-Americanism. A proposed US bill threatens aid freezes and Global Magnitsky Act sanctions to pressure Pretoria’s foreign policy. The DA’s Ian Cameron demands that Ramaphosa address Police Commissioner Mkhwanazi’s allegations, highlighting a national security crisis. Meanwhile, Elon Musk’s “America Party” proposal raises questions about his rift with Trump, potentially impacting Tesla shareholders further. This, as US markets continue to breach record levels.
8 Jul 2025 7AM English South Africa Investing · Business News

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