Cape town: President Cyril Ramaphosa has announced that South Africa is actively engaging with the United States to secure a fair trade and investment deal. Government representatives are currently in Washington for further formal negotiations with the US government. Responding to oral questions in the National Assembly, the President highlighted South Africa's objective to maintain market access, encourage bilateral investment, and strengthen economic ties.
According to South African Government News Agency, the President stated that the United States is South Africa's second-largest trading partner, and a comprehensive package has been submitted to Washington as a basis for discussions. This follows a previous package submitted on May 20, 2025. Domestically, measures like the Localisation Support Fund and the Export and Competitiveness Support Programme are being implemented to support businesses affected by the 30% tariffs on South African products.
During the discussion, Economic Freedom Fighters leader Julius Malema criticized the government's approach, accusing the President of "appeasement" and "juniorising" the country in its dealings with the US. President Ramaphosa defended the strategy of engagement, explaining that it was chosen after consultations with various stakeholders to continue benefiting from trade with the United States and encourage mutual investments.
The President emphasized that South Africa is negotiating from a position of strength, with critical minerals and processing capacity being key discussion points. He insisted that the country will not be bullied and is negotiating for the best possible deal. The President also mentioned that South Africa aims to export finished products, benefitting from the natural resources available.
In response to a query about the appointment of South Africa's new ambassador to the US, President Ramaphosa assured that an announcement would be made soon, with the nominee being highly qualified and knowledgeable about the American market.