RW Johnson on SA arms to Russia: Pretoria's torpedo for motor industry, AGOA, ARV supplies - for starters

Loading player...
South Africa's foremost political scientist RW Johnson provides context on the US's accusation that South Africa has been supplying arms to Russia. It's reminiscent of PW Botha's "Rubicon" blunder in August 1985, which sparked massive disinvestment, demand for immediate repayment of foreign debt, an economic collapse and rocketing interest rates. Johnson says Pretoria's actions threaten hundreds of thousands of South African jobs - and lives. Most apparent are SA motor manufacturers whose lifeblood is selling into the USA and Europe. Equally at risk is the country's membership of AGOA which gives SA exporters duty-free access to the US market "as a favour" because, strictly speaking, SA shouldn't qualify. Johnson also points out that millions of South Africans living with HIV/Aids receive antiretrovirals purely through the generosity of US donors - another critical source of goodwill threatened by Pretoria's actions. He spoke to Alec Hogg of BizNews. Learn more about your ad choices. Visit megaphone.fm/adchoices
12 May 2023 4AM English South Africa Investing · Business News

Other recent episodes

Boardroom Talk: RIP RW Johnson - leaving a huge hole in your nation's heart

In today's Boardroom Talk, Alec Hogg confirms the death of RW Johnson, one of South African political writing's sharpest and most combustible voices, and reflects on a decade of working with him: the audiobook that started it, the necrotising fasciitis he refused to let slow him down, the Steenhuisen column…
22 Jul 5AM 19 min

Unlocking High-Yield Private Debt: The Jaltech Income Opportunities Fund

Join the leadership team at Jaltech for an exclusive overview of the new Jaltech Income Opportunities Fund - a spin-off from their highly successful Section 12J investment strategy. Designed to target structured debt funding for established, mid-sized South African businesses, this fund addresses an unserved niche left open by traditional…
24 Jul 5AM 29 min

BN Daybreak: Zille on Joburg's last chance; AI stock warnings; Cape gangs; Civic tech

In today's BizNews Daybreak, Helen Zille warns Johannesburg faces its final chance to reverse municipal collapse. Heindrich Wyngaard explains why military presence alone cannot dismantle the Cape Flats' deep-rooted gang economy. Lance Dickson introduces "Ryze," a platform channeling public rage into organized civic action. Finally, Sean Peche cautions investors against…
23 Jul 11PM 15 min