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Daily Investor South Africa

Ramaphosa has a message for Trump and the world after historic US election

In a significant shift, the US midterm elections have resulted in a decisive rejection of President Donald Trump's policies, with the Democratic Party sweeping both chambers of Congress in a landslide victory. This outcome has sparked a surge in the rand, rising around 1% against the US dollar, as South African President Cyril Ramaphosa expressed hope for a new era in world relations. While Ramaphosa acknowledged the potential impact of being excluded from the African Growth and Opportunity Act, he expressed confidence in continuing bilateral trade dealings with the US on various products.

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