SA concludes new deal with the UK ahead of Brexit
South Africa has concluded a new trade deal with the UK.
The plan will only kick in if Britain leaves the European Union without an agreement.
The UK is expected to leave the EU with or without an agreement in October.
North West University (NWU) Business School's economist Prof Raymond Parsons says the initiative should be welcomed.
There has been a lot of uncertainty around the whole Brexit process which has now culminated in the uncertainty about what will be the tariff regimes after the 31st...Prof Raymond Parsons, Economist - NWU Business School
Because of the important stake that they have in our economy and we have in their economy, it is important that we do conclude something along these lines because several sectors of our economy are indeed vulnerable.Prof Raymond Parsons, Economist - NWU Business School
At the moment it is a piece of good news that we could do with.Prof Raymond Parsons, Economist - NWU Business School
He has warned business that as welcome as the tariff certainty is, that is not the end of the hard Brexit story.
We will have to monitor other unintended consequences which might be important for our economic relations with an important market like the United Kingdom.Prof Raymond Parsons, Economist - NWU Business School
Click on the link below to hear more from Raymond...
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