The business organisation slammed Ramaphosa's reaction to the matter.Big business has criticised government's response to allegations that Russian forces received arms from South Africa last year.sent the rand crashing to a new record low of R19.47Business Unity South Africa said the immediate reaction to Brigety's allegations indicates how seriously the markets consider these allegations.
The AGOA agreement gives SA and other sub-Saharan African countries duty-free and quota-free access to the US market. This allegation also surfaced at a time when countries' AGOA eligibility will soon be up for review. "[Government's reaction] has actually disillusioned people. It either suggests that the president is out of touch with what's going on, or it speaks to them feeling guilty and trying to limit the implications," said director and chief economist at Econometrix, Azar Jammine.
At the PSG Conference in Sun City, political analyst Daniel Silke, said just the"purported neutrality" on Russia's invasion of Ukraine was already"very concerning". While the government preaches neutrality, SA was seen to be taking Russia's side.
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