Decreasing investment protection
[Source: Business Day Live by Gerrit Olivier.]
Following the example of human rights abusers such as China and Russia, SA regards international protection of human rights as a pretext for interference in the domestic affairs of sovereign states and part of a “western conspiracy”. Voting against such measures in the United Nations (UN) has become a consistent pattern of its foreign policy. Read more
[Source: Moneyweb by Antoinette Slabbert.]
Three days after the expiry of an extended deadline, South African minister of Trade and Industry Rob Davies on Thursday announced that all outstanding matters relating to the country’s inclusion in the US Agoa trade concessions were concluded. Read more
[Source: Business Day Live by Paul Vecchiatto.]
Fruit, wine and nut farmers are bracing for hardship as the US looks set to rescind their duty-free access to the world’s largest market at a time when they are facing the worst drought in 23 years and rising input costs. Read more
[Source: Biznews by Rene Vollgraaff.]
Bloomberg) — The value of South African assets abroad outstripped foreign investment into the country for the first time on record — thanks to the rand’s slump.
[Source: Daily Maverick by Thekiso Anthony Lefifi for Reuters.]
South Africa still hopes to solve a dispute with the United States over farm exports, despite the expiry of a U.S.-set deadline that could penalise exports of agricultural goods to the world’s top economy.