With Donald Trump's return to the White House, global markets and international relations are bracing for shifts in American policy.
The implications of Trump's Make America Great Again philosophy are far-ranging. This is according to Ninety One CEO Hendrik du Toit, who was speaking to Moneyweb editor Ryk van Niekerk on RSG Geldsake last Wednesday. "For South Africa, the Trump administration poses both risks and opportunities," he said.
"The Trump win was bigger than most people expected, but we're in a new world where the American voter voted for what Americans call American exceptionalism."
"The rest of the world will just have to live with it, whether we like it or not."
Du Toit said the change could see SA regarded as less relevant to the US.
"From a South African point of view, the important point is that the relevance of Africa will be less to the Trump administration than it was to the Biden administration or would've been for the Harris administration."
This story is from the November 11, 2024 edition of The Citizen.
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This story is from the November 11, 2024 edition of The Citizen.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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