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SA exporters uncertain as Brexit deadline looms

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Opposition demands an update on progress towards a post-Brexit trade deal between the UK and SA

Citrus is among South Africa's leading farm-export products. Picture: Supplied

The UK, a major investor in SA, is the world’s sixth-biggest economy with a GDP nearly nine times the size of SA’s. The country was SA’s sixth-largest trading partner in 2018, with total trade close to R80bn. SA exports R64bn worth of goods through the EU customs union, duty free, of which R10bn is from Western Cape industries such as fruit and wine. Once the UK leaves the EU, this preferential trade could be at risk due to the nonfinalisation of a roll-over deal between the UK and Sacu, said Macpherson.

 

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