South Africa’s government is putting the final touches to an overarching package that aims to shield businesses against the fallout from punitive US trade tariffs and plans to present it to lawmakers later this week.

South Africa's trade and industry minister on Monday said that the 30 per cent reciprocal tariffs imposed by the United States could put tens of thousands of jobs at risk. “We’ve based this on the ongoing consultations that we have with all the sectors of the economy,

South Africa is seeking new markets in Africa and Asia as it negotiates with the United States over looming 30% trade tariffs.