The United States (US) presidential election has far-reaching implications, not just for Americans, but for South Africa as well. The outcome of the American election can influence the political, economic, and diplomatic dynamics in our country.
The US is one of South Africa’s most important trade partners, the bilateral trade between the two countries contributing to the South African economy.
In 2019 the US was South Africa’s third-largest trading partner, after China and Germany.
American companies also have substantial investments in South Africa across sectors such as mining, manufacturing, and technology. A change in US leadership often leads to shifts in trade policies, which can have direct effects on South Africa’s export markets. A president who supports free trade or prioritises economic partnerships with Africa could help bolster these relationships, while a more protectionist stance could hinder trade and investment.
Moreover, the outcome of the election can influence the broader economic policies of the US, including its approach to multilateral trade agreements such as African Growth and Opportunity Act (AGOA), a preferential trade programme that offers duty-free access to the US market for certain goods from sub-Saharan Africa. The continuation of AGOA hinges on the US election results.
In addition, the US plays a central role in multilateral institutions such as the United Nations, the World Bank, and the International Monetary Fund. South Africa, as an emerging power in Africa, often aligns with the US in these forums. A shift in US foreign policy priorities could affect South Africa’s ability to navigate international diplomacy, particularly in relation to conflict resolution in Africa and climate negotiations.
