Western Cape exporters warn planned AGOA exit could put R13bn and 47,000 jobs at risk

Author: Chris GililiPublished on: November 3, 2026Country: South Africa
Business & Economy
Western Cape exporters warn planned AGOA exit could put R13bn and 47,000 jobs at risk

Exporters Western Cape chairman Terry Gale warned that South Africa’s planned loss of preferential access under AGOA could put R12.98 billion in provincial GDP and 11,914 direct and 35,467 indirect jobs at risk. The US government announced that it intends to end South Africa’s eligibility for AGOA duty-free benefits on January 1, 2027. Western Cape exports to the US have already fallen 41%, from R16.89 billion between August 2024 and July 2025 to R10.02 billion between August 2025 and July 2026. Over the same periods, fruit juice exports fell 86% and grape exports declined 79%.

Stay informed with NewsBoulevard

Get the latest news summaries delivered to your inbox

Related News

Behind the Palace: President Bassirou Diomaye Faye Faces a New Dilemma
PoliticsBusiness & EconomySenegal
senenews.com•

Behind the Palace: President Bassirou Diomaye Faye Faces a New Dilemma

Senegal’s National Assembly rejected the 2026 revised finance bill by 109 votes to 20, with three abstentions, ending its examination. The proposal projected budget resources of 5,848.7 billion CFA francs and a deficit of 1,735.2 billion, or 7.6% of GDP, while energy subsidies rose to 790.3 billion. Economy Minister Cheikh Diba said President Bassirou Diomaye Faye would take the necessary steps to implement key measures, but the president must decide whether to resume dialogue, act through administrative means, or eventually consider dissolution. The bill also protected investment spending, allocated 300 billion CFA francs to clear domestic arrears, and provided 70 billion for targeted social transfers.

Read More

Stay Updated with NewsBoulevard

Subscribe to our newsletter for the latest news summaries delivered to your inbox