Business · South Africa
South Africa Keeps AGOA Benefits with US Tariff Cuts Extended
Moneyweb · 2026/02/04
Summary
The African Growth and Opportunity Act (AGOA) has been extended, and South Africa continues to benefit from it. This agreement allows South African products to enter the US market with reduced or no tariffs on most goods. While a 30% tariff still applies to some products, many sectors that previously faced extra charges of 2.5% to 6.5% or higher are now back to zero tariffs in most cases. This extension means South African exporters can remain competitive in the US, potentially increasing sales and boosting the economy. It is good news for businesses involved in international trade, as accessing the US market at lower cost can improve profits and help create jobs locally.
OnABudget takeaway: South African companies exporting to the US can save more on tariffs, which could lower prices for consumers and help local businesses grow. Small business owners in export sectors may find new opportunities to expand without added costs.