Nedbank commercial banking agriculture head John Hudson has shared his unease over the potential fallout following South Africa’s alleged supply of arms to Russia in December 2022, as alleged by US ambassador to South African Reuben Brigety earlier this year.
He highlights a major concern as being that South Africa could well be excluded from the African Growth and Opportunity Act (AGOA), which is US legislation that gives duty-free access to the US market for certain African states.
