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

PIA reforms boost oil output by 600,000 barrels per day, NNPC says
Business & EconomyNigeria
Obas Esiedesa•

PIA reforms boost oil output by 600,000 barrels per day, NNPC says

Nigeria’s oil production has risen from about 1.2 million to 1.8 million barrels per day following implementation of the Petroleum Industry Act and sector reforms, NNPC chief executive Bashir Bayo Ojulari said at ADIPEC 2026 in Abu Dhabi. NNPC is targeting two million barrels per day by 2027 through infrastructure maintenance, protection of existing output and new projects. Ojulari said the OB3 gas pipeline was completed and the AKK pipeline was expected to deliver gas to Abuja before the end of 2026. NNPC also targets national gas production of 10 billion standard cubic feet per day in 2027 and 12 billion in 2030, with investment agreements worth about $20 billion concluded for major projects.

Read More
2026–2027 Cotton Campaign: Price Set at 310 CFA Francs per Kilogram as Recovery Plan Announced
Business & EconomyCôte d’Ivoire
DJOMANDE Aziz•

2026–2027 Cotton Campaign: Price Set at 310 CFA Francs per Kilogram as Recovery Plan Announced

Ivorian Agriculture Minister Bruno Nabagné Koné kept the 2026–2027 farm-gate price for seed cotton at 310 CFA francs per kilogram for first grade and 290 CFA francs for second grade. The state plans to provide 6.8 billion CFA francs for inputs and 22.5 billion in price support, while the sector’s pricing mechanism sets the base price at 246 CFA francs per kilogram. In 2025–2026, production reached 310,107 tonnes and average yields rose to 1,069 kg per hectare, but the number of growers fell to 79,979 from 106,000 three years earlier. The government aims to restore farmers’ confidence, expand local processing and pay 30.3 billion CFA francs in overdue subsidies within days.

Read More
COP31: Côte d’Ivoire Seeks to Mobilize CFAF 265 Billion and Promote Its National Development Plan Priorities in Antalya
Environment & ClimateBusiness & EconomyCôte d’Ivoire
Othniel KOUASSI•

COP31: Côte d’Ivoire Seeks to Mobilize CFAF 265 Billion and Promote Its National Development Plan Priorities in Antalya

Côte d’Ivoire aims to mobilize CFAF 265 billion over five years through the pilot phase of the African Pact for Climate and Ecological Transition (PACTE), which will be launched at COP31 in Antalya from November 9 to 20, 2026. Environment and Ecological Transition Minister Abou Bamba presented the country’s ambitions in Abidjan on November 2, saying the pilot phase will benefit four to seven African countries and direct at least 78% of mobilized funds to local communities. The Ivorian delegation, led by Vice President Tiémoko Meyliet Koné, will also promote priorities in the 2026–2030 National Development Plan and seek to strengthen resilience to flooding and coastal erosion.

Read More

Stay Updated with NewsBoulevard

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