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.

Slapped with a steep tariff, South African officials hope for a deal, but some worry the U.S. may insist that it roll back measures that redress the damage of apartheid.

South Africa's central bank believes U.S. tariffs will only have a modest impact on the country's economic growth while leaving its inflation levels broadly unchanged, its governor said on Friday. U.S.