# Rand Mutual Assurance says the South African economy is under pressure as a result of the newly introduced 30-percent tariff on goods exported to the US. According to the latest macroeconomic analysis by multinational accounting giant EY, the country could shed up to 100-thousand jobs due to the tariffs. RMA’s Gopolang Peme says reduced global demand, supply chain disruptions and strained trade relationships with key partners can have a knock-on effect on South Africa’s export-heavy sectors, including mining and automotive.
Rand Mutual Assurance says the US 30% tariffs have put the SA economy under immense pressure