EDITORIAL: Brexit delay ushers in more uncertainty for SA business

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 63%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Trade with the remaining 27 EU members would have been disrupted as components imported from the UK would now be classified as coming from a third country

The EU is SA’s largest trading partner and one of its biggest sources of foreign direct investment and tourists. And within that, the UK is the second-largest source of two-way trade. So this country’s interest in the unfolding drama — the UK’s departure from the 28-nation bloc — is far from being academic.

Britain, which hasn’t managed to decide on the type of Brexit it wants, despite voting for it almost three years ago, now has another six months to get its house in order. Like their counterparts across the world, our farmers and car manufacturers will welcome this delay. That would have hardly been enough to make up for the shock to some key sectors, such as the car industry, which sold more than R6bn worth of goods to the UK in 2018.

As soon as she got back to London, it became clear that the prime minister was nowhere nearer to forging consensus. She hasn't shown herself to possess much in terms of negotiation skills or compromise.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Amid trade tensions and Brexit worries, IMF cuts global growth outlook - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The International Monetary Fund on Tuesday cut its global economic growth forecasts for 2019 and warned growth could slow further due to trade tensions and a potentially disorderly British exit from the European Union.
Source: SABC News Online - 🏆 32. / 51 Read more »

SA auto-industry at risk as no-deal Brexit loomsThe government must prioritise the stabilisation of trade relations with both the UK and EU to protect the sector from the divorce’s negative effects
Source: BDliveSA - 🏆 12. / 63 Read more »

Rand a little weaker as market eyes risk eventsBrexit uncertainty continues, while investors wait for an update on the US-China trade talks
Source: BDliveSA - 🏆 12. / 63 Read more »