US Tariffs on South Africa: Economic Impact & Hope for the Future – Insights from Gerhard Papenfus
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In this eye-opening podcast episode, Gerhard Papenfus, CEO of the National Employers Association of South Africa (NEASA), breaks down the impact of new US tariffs on South African imports—including 30% duties on most goods, with exemptions for vehicles, steel, and platinum. He explains how these tariffs could push SA’s already sluggish economy closer to zero growth, threaten jobs, and hurt key industries like automotive and agriculture.
Gerhard also highlights the political tensions behind the tariffs, including South Africa’s relationship with Iran and the ICJ case, which complicate trade negotiations. With rising unemployment (45% overall, 62% youth), he warns that anti-business policies (like expropriation without compensation and BEE) are driving away investment and worsening the crisis.
Despite the challenges, Gerhard shares a message of hope, rooted in faith and resilience.
Gerhard also highlights the political tensions behind the tariffs, including South Africa’s relationship with Iran and the ICJ case, which complicate trade negotiations. With rising unemployment (45% overall, 62% youth), he warns that anti-business policies (like expropriation without compensation and BEE) are driving away investment and worsening the crisis.
Despite the challenges, Gerhard shares a message of hope, rooted in faith and resilience.