South Africa is facing the negative impact of trade wars taking shape between the United States of America (USA) and China. This emerged after President Trump announced tariffs on Chinese goods and China retaliated with tariffs on most agricultural imports from the USA. In August 2018 the USA decided to impose a 25% tariff on the $16 billion Chinese exports to the USA, overriding domestic law over international law. South Africa and the rest of the African continent need to respond as we cannot escape the collateral damage.
How will the Trade Wars affect you and your business?
Trade wars could have many dire implications for small businesses, consumers and ordinary South Africans. Consequences could include an increase in prices for domestic businesses and consumers that buy imported goods. Not only can prices increase for domestic goods, prices can also change for similar products and industries which could lead to unintended domestic layoffs. Small businesses that operate internationally are usually the first to be impacted by tariffs and trade wars as they are unable to absorb the higher costs. These businesses don’t want to increase the price of their products in fear of losing out to the competition.
Our forum of experts will give you insights into the impact of these global trade wars on the South African economy and will each discuss a particular aspect of the challenge. Audience members will be able to interact with forum members and have their most pressing questions answered.
This forum will give you in-depth understanding of the US-China trade wars and the impact on the South African economy. You will understand the risk of severe negative macro-economic consequences and the rise in trade tensions that will affect investment. You will receive expert opinion on global volatility caused by changing geopolitical factors and the impact of potential trade shifts. You will learn about South Africa becoming a participant in the substitution of inputs and the significant long term opportunities for emerging markets.
Mike Shussler, Founder and owner, Economists.co.za
Dr Azar Jammine, Chief Economist, Econometrix
Dr Michael Ade, Chief Economist, Steel and Engineering Industries Federation of Southern Africa (SEIFSA)
Dr Chris Harmse, Chief Economist, Rebalance Fund Managers
Dr Reabetswe Kgoroeadira, CEO, Beryl Holdings
Henk Langenhoven, Chief Economist, Minerals Council South Africa (MINCOSA, previously known as the Chamber of Mines)
Busi Mabuza, Chairperson, IDC and BRICS Business Council Member
Stavros Nicolaou, Head Strategic Trade, Aspen Pharmacare
Dr Gustav Brink, WTO Expert, Trade Remedies Unlimited
Date: Thursday, 27 September 2018
Cost: R375 per person
Venue: Regenesys Campus, 4 Pybus Road, Sandton
Light refreshments will be served.
You can’t afford to miss the forum. SEATS ARE LIMITED. BOOK NOW!