{"id":35728,"date":"2026-01-13T18:17:45","date_gmt":"2026-01-13T16:17:45","guid":{"rendered":"https:\/\/www.yfm.co.za\/devworld\/?p=35728"},"modified":"2026-01-13T18:17:45","modified_gmt":"2026-01-13T16:17:45","slug":"economists-caueconomists-cautiously-welcome-us-move-to-extend-agoatiously-welcome-us-moves-to-extend-agoa","status":"publish","type":"post","link":"https:\/\/www.yfm.co.za\/devworld\/2026\/01\/13\/economists-caueconomists-cautiously-welcome-us-move-to-extend-agoatiously-welcome-us-moves-to-extend-agoa\/","title":{"rendered":"Economists cautiously welcome US move to extend AGOA"},"content":{"rendered":"<figure id=\"attachment_35732\" aria-describedby=\"caption-attachment-35732\" style=\"width: 670px\" class=\"wp-caption aligncenter\"><img fetchpriority=\"high\" decoding=\"async\" class=\"size-full wp-image-35732\" src=\"https:\/\/www.yfm.co.za\/devworld\/wp-content\/uploads\/2026\/01\/flag-Screenshot-2026-01-13-173706.jpg\" alt=\"Image credit: Istock\" width=\"670\" height=\"349\" \/><figcaption id=\"caption-attachment-35732\" class=\"wp-caption-text\">Image credit: Istock<\/figcaption><\/figure>\n<p>Independent economic analyst, Professor Bonke Dumisa, says the US Congress House of Representatives\u2019 vote to extend the <a href=\"https:\/\/www.yfm.co.za\/devworld\/2025\/02\/18\/sas-inclusion-in-agoa-under-threat-once-again\/\">African Growth and Opportunity Act (AGOA)<\/a> is a positive development for South Africa, but cautions that US President Donald Trump could still use executive powers to exclude the country.<\/p>\n<p>AGOA, a trade programme enacted in 2000, aims to boost and diversify African trade with the US. It allows duty-free entry for a wide range of African products into America, with almost 40 sub-Saharan African countries benefiting from it.<\/p>\n<p>Yesterday, the US House voted 340 to 54 in favour of extending the Act. However, the bill still requires Senate approval and the President\u2019s signature to become law.<\/p>\n<p>&#8220;Congress is dominated by the Democrats, who are mainly very positive towards South Africa, so it&#8217;s a step in the right direction. However, the very negative submission by Senator Kennedy may actually be seized upon by Donald Trump to pursue his negativity towards South Africa,&#8221; Dumisa pointed out.<\/p>\n<p>&#8220;He may resort to his executive orders and just sign an executive order to say South Africa is totally excluded from AGOA. The irony of the whole thing is that you&#8217;ve got some Afrikaners who are permanently stationed in the US Capitol now. Solidarity, and what&#8217;s the other one? Yeah, who are permanently stationed there to push an agenda against South Africa.&#8221;<\/p>\n<p>He also highlighted the irony that some groups lobbying against South Africa in the US could harm their own interests.<\/p>\n\t<div class=\"qtmplayer-playlist-large\">\n\t\t<ul class=\"qtmplayer-playlist\">\n\t\t\t\n\t\t\t\t\t<li class=\"qtmplayer-trackitem qtmplayer-track-inpage\">\n\t\t<img decoding=\"async\" src=\"https:\/\/www.yfm.co.za\/devworld\/wp-content\/uploads\/2026\/01\/flag-Screenshot-2026-01-13-173706-100x100.jpg\" alt=\"cover\">\t\t<span \t\t\tdata-qtmplayer-cover=\"https:\/\/www.yfm.co.za\/devworld\/wp-content\/uploads\/2026\/01\/flag-Screenshot-2026-01-13-173706.jpg\"\n\t\t\t\t\t\tdata-qtmplayer-file=\"https:\/\/www.yfm.co.za\/devworld\/wp-content\/uploads\/2026\/01\/BONKE-DUMISA.wav\n15390380\naudio\/wav\n\"\n\t\t\t\t\t\tdata-qtmplayer-title=\"Economists cautiously welcome US move to extend AGOA\"\n\t\t\t\t\t\tdata-qtmplayer-artist=\"Nokwazi Qumbisa\"\n\t\t\t\t\t\tdata-qtmplayer-link=\"https:\/\/www.yfm.co.za\/devworld\/2026\/01\/13\/economists-caueconomists-cautiously-welcome-us-move-to-extend-agoatiously-welcome-us-moves-to-extend-agoa\/\"\n\t\t\t\t\t\tdata-qtmplayer-icon=\"file_download\"\n\t\t\t\t\t\tdata-qtmplayer-type=\"track\"\n\t\t\t class=\"qtmplayer-play qtmplayer-link-sec qtmplayer-play-btn\"><i class='material-icons' aria-label=\"Play\">play_arrow<\/i><\/span>\n\t\t<p>\n\t\t\t<span class=\"qtmplayer-tit\">Economists cautiously welcome US move to extend AGOA<\/span>\n\t\t\t<span class=\"qtmplayer-art\">Nokwazi Qumbisa<\/span>\n\t\t<\/p>\n\t<\/li>\n\t\t<\/ul>\n\t<\/div>\t\t\t\n\t\n<p>Efficient Group chief economist, Dawie Roodt, echoed Dumisa\u2019s caution, saying while the extension is good news, South Africans should not celebrate too early.<\/p>\n\t<div class=\"qtmplayer-playlist-large\">\n\t\t<ul class=\"qtmplayer-playlist\">\n\t\t\t\n\t\t\t\t\t<li class=\"qtmplayer-trackitem qtmplayer-track-inpage\">\n\t\t<img decoding=\"async\" src=\"https:\/\/www.yfm.co.za\/devworld\/wp-content\/uploads\/2026\/01\/flag-Screenshot-2026-01-13-173706-100x100.jpg\" alt=\"cover\">\t\t<span \t\t\tdata-qtmplayer-cover=\"https:\/\/www.yfm.co.za\/devworld\/wp-content\/uploads\/2026\/01\/flag-Screenshot-2026-01-13-173706.jpg\"\n\t\t\t\t\t\tdata-qtmplayer-file=\"https:\/\/www.yfm.co.za\/devworld\/wp-content\/uploads\/2026\/01\/BONKE-DUMISA.wav\n15390380\naudio\/wav\n\"\n\t\t\t\t\t\tdata-qtmplayer-title=\"Economists cautiously welcome US move to extend AGOA\"\n\t\t\t\t\t\tdata-qtmplayer-artist=\"Nokwazi Qumbisa\"\n\t\t\t\t\t\tdata-qtmplayer-link=\"https:\/\/www.yfm.co.za\/devworld\/2026\/01\/13\/economists-caueconomists-cautiously-welcome-us-move-to-extend-agoatiously-welcome-us-moves-to-extend-agoa\/\"\n\t\t\t\t\t\tdata-qtmplayer-icon=\"file_download\"\n\t\t\t\t\t\tdata-qtmplayer-type=\"track\"\n\t\t\t class=\"qtmplayer-play qtmplayer-link-sec qtmplayer-play-btn\"><i class='material-icons' aria-label=\"Play\">play_arrow<\/i><\/span>\n\t\t<p>\n\t\t\t<span class=\"qtmplayer-tit\">Economists cautiously welcome US move to extend AGOA<\/span>\n\t\t\t<span class=\"qtmplayer-art\">Nokwazi Qumbisa<\/span>\n\t\t<\/p>\n\t<\/li>\n\t\t<\/ul>\n\t<\/div>\t\t\t\n\t\n<p>Cross-border payments firm Verto also welcomed the House vote but warned that ongoing uncertainty is already affecting businesses.<\/p>\n<p>&#8220;The House vote is a necessary milestone, but for the thousands of African SMEs that rely on these trade corridors, &#8216;almost&#8217; is not enough. In our previous research on AGOA\u2019s fragility, we highlighted that political uncertainty is a primary driver of currency volatility. When trade agreements hang in the balance, the South African Rand often bears the brunt, wiping out the thin margins of exporters far faster than any headline tariff could,&#8221; said James Booth, Head of Revenue at Verto.<\/p>\n<p>Booth urged businesses not to wait for political clarity.<\/p>\n<p>Meanwhile, the Economic Freedom Fighters say the AGOA extension highlights that the US is prioritising its own interests over those of African countries.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">The EFF\u2019s Statement on the US House Extension of AGOA<\/p>\n<p>-The extension also comes at a time when the US is intensifying economic coercion in other areas of global politics, reinforcing that its \u201cpartnerships\u201d are tactical, increasingly aggressive, and not rooted in mutual\u2026\u00a0<a href=\"https:\/\/t.co\/StUoKyUqDq\">pic.twitter.com\/StUoKyUqDq<\/a><\/p>\n<p>\u2014 Economic Freedom Fighters (@EFFSouthAfrica)\u00a0<a href=\"https:\/\/twitter.com\/EFFSouthAfrica\/status\/2011103239849033979?ref_src=twsrc%5Etfw\">January 13, 2026<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>&#8220;Regardless of the final outcome in the US Senate, the post-AGOA mindset must be one of diversification and digital resilience,&#8221; he added.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">A big win for stronger U.S.\u2013Africa economic ties today. Proud to see the House pass legislation to extend the AGOA trade program for three more years. It will create jobs, foster economic growth, and strengthen the bonds between the U.S. and our African partners.<\/p>\n<p>Grateful to our\u2026 <a href=\"https:\/\/t.co\/q26nIxsMnn\">pic.twitter.com\/q26nIxsMnn<\/a><\/p>\n<p>\u2014 Rep. Terri A. Sewell (@RepTerriSewell) <a href=\"https:\/\/twitter.com\/RepTerriSewell\/status\/2010868060962410578?ref_src=twsrc%5Etfw\">January 13, 2026<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Corporate Council on Africa (CCA) and its members welcome the passage by the House of Representatives of the AGOA Extension Act (HR 6500) last night. CCA endorsed the introduction of this bill in December, noting that extending the African Growth and Opportunity Act (AGOA)\u2026 <a href=\"https:\/\/t.co\/97jnC3PpIt\">pic.twitter.com\/97jnC3PpIt<\/a><\/p>\n<p>\u2014 CorpCnclAfrica (@CorpCnclAfrica) <a href=\"https:\/\/twitter.com\/CorpCnclAfrica\/status\/2011091188275683678?ref_src=twsrc%5Etfw\">January 13, 2026<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Independent economic analyst, Professor Bonke Dumisa, says the US Congress House of Representatives\u2019 vote to extend the African Growth and Opportunity Act (AGOA) is a positive development for South Africa, but cautions that US President Donald Trump could still use executive powers to exclude the country. AGOA, a trade programme ...<\/p>\n","protected":false},"author":5,"featured_media":35732,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8],"tags":[2414,2416,2417,99,2415,2263],"class_list":["post-35728","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-agoa","tag-farmers","tag-smes","tag-south-africa","tag-us-congress","tag-us-president-donald-trump"],"jetpack_featured_media_url":"https:\/\/www.yfm.co.za\/devworld\/wp-content\/uploads\/2026\/01\/flag-Screenshot-2026-01-13-173706.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.yfm.co.za\/devworld\/wp-json\/wp\/v2\/posts\/35728","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.yfm.co.za\/devworld\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.yfm.co.za\/devworld\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.yfm.co.za\/devworld\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.yfm.co.za\/devworld\/wp-json\/wp\/v2\/comments?post=35728"}],"version-history":[{"count":4,"href":"https:\/\/www.yfm.co.za\/devworld\/wp-json\/wp\/v2\/posts\/35728\/revisions"}],"predecessor-version":[{"id":35736,"href":"https:\/\/www.yfm.co.za\/devworld\/wp-json\/wp\/v2\/posts\/35728\/revisions\/35736"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.yfm.co.za\/devworld\/wp-json\/wp\/v2\/media\/35732"}],"wp:attachment":[{"href":"https:\/\/www.yfm.co.za\/devworld\/wp-json\/wp\/v2\/media?parent=35728"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.yfm.co.za\/devworld\/wp-json\/wp\/v2\/categories?post=35728"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.yfm.co.za\/devworld\/wp-json\/wp\/v2\/tags?post=35728"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}