AGP Executive Report
Last update: 9 hours agoTrade and G20: South Africa says it is ready for Monday’s US decision on its AGOA trade benefits, while seeking new export markets. Pretoria was also excluded from the Atlanta G20 foreign ministers’ meeting, where trade and economic security competed with diplomatic rifts. Agriculture: Farm exports reached $4.12bn despite a slump in US sales, underscoring the stakes of trade access. Economic outlook: GDP rebasing puts the economy 5.3% larger than previously estimated, but Reserve Bank Governor Lesetja Kganyago cautioned that a bigger economy does not mean South Africans are richer. Johannesburg services: Week-long water outages are hitting local businesses, while residents warn that neglected infrastructure risks a wider network breakdown. Banking: Patrice Motsepe’s GoTyme has passed 13 million customers as it pursues bigger ambitions.
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