The South African government announced steps to support businesses that will be impacted by the 30% US tariff taking effect this Friday. Measures include setting up an “ export support desk ” to help firms diversify their markets and offering “fund support” to affected companies, the details of which are still being finalized.

South Africa on Monday outlined support measures for local companies that will be hit by a 30% U.S. tariff this week, including exemptions from some competition rules and financial support facilities.

South African authorities have warned that U.S. reciprocal tariffs could put an estimated 30,000 jobs at risk.