South Africa should focus on attracting foreign investment and extending trade relations, one of the nation’s main commercial lobby groups said after business confidence fell to a year low. An index compiled by the South African Chamber of Commerce and Industry showed average business confidence declined to 106.9 in May from 107.1 a month earlier.
expires in 2025 and US officials have previously said the qualifying criteria for beneficiaries could be revised or the programme replaced. Earlier this week, four American congressmen urged the Biden administration to relocate an event that’s scheduled to be hosted in South Africa in November over its relations with Russia. Read: SA says it has US support to host Agoa Forum If the US and its allies in the European Union decide to retaliate against South Africa over its Russia ties, the country may lose as much as $32.