President Cyril Ramaphosa noted on Monday that if extended beyond 2025 for a lengthy period, and if used more effectively, the African Growth and Opportunity Act (Agoa) can contribute significantly to the further diversification of African economies. Ramaphosa wrote in his weekly letter to the nation that Agoa is an important instrument for growing and transforming South Africa’s economy with the benefits of felt through increased economic activity and the jobs created from this.
