LISTEN: What Donald Trump means for South Africa, Cyril Ramaphosa heads to Davos
Catch up on the latest business news with Zinathi Gquma.
Former US President and Republican presidential candidate, Donald Trump, speaks during an election night event at the West Palm Beach Convention Center in West Palm Beach, Florida, on 6 November 2024. Picture: Jim WATSON/AFP
Anele and The Club catch up on the latest business news with Zinathi Gquma.
Listen below:
Donald Trump was sworn in as President of the United States of America on Monday.
Economists are concerned about his threats to impose import tariffs on all imported goods.
“... South African goods would be more expensive for Americans to buy..."
– Zinathi Gquma, The Money Minute
This could affect demand, impacting several local businesses and employment.
The World Economic Forum also takes place this week in Davos, Switzerland.
World leaders will come together to discuss solutions to challenges that impact the global economic landscape.
South Africa’s delegation, which includes business leaders and President Cyril Ramaphosa, will sell the country as an attractive place for investment.
“... economic growth prospects are looking better as we don’t have loadshedding anymore and we are sorting out our Transnet logistics issues.”
– Zinathi Gquma, The Money Minute
Scroll up to the audio player to listen to the discussion.