• News
  • Sport
  • TV
  • Radio
  • Education
  • TV Licences
  • Contact Us

For all official information and updates regarding COVID-19, visit the South African Department of Health's website at www.sacoronavirus.co.za

No Result
View All Result
  • SOUTH AFRICA
  • POLITICS
  • BUSINESS
  • SPORT
  • AFRICA
  • WORLD
  • SCI-TECH
  • LIFESTYLE
  • FEATURES
  • OPINION
Home Business

EFF rejects SACUM –UK deal

18 September 2019, 7:01 AM  |
Mercedes Besent Mercedes Besent |  @SABCNews
Floyd Shivambu

The EFF Chief Whip, Floyd Shivambu says there won't be anything fundamentally shifting in terms of the colonial status that South Africa occupies in its trade relationship with the United Kingdom

Floyd Shivambu

Image: SABC News

The EFF Chief Whip, Floyd Shivambu says there won't be anything fundamentally shifting in terms of the colonial status that South Africa occupies in its trade relationship with the United Kingdom

The Economic Freedom Fighters (EFF) has rejected the new Southern African Customs Union and Mozambique SACUM-UK- Economic Partnership deal which the Trade and Industry Minister, Ebrahim Patel has announced.

Patel told the National Assembly that South Africa’s trade relationships with the UK would continue without disruption, regardless of Brexit.

This comes as SACUM enters into new partnership with the UK.

The six SACUM countries are South Africa, Mozambique, Lesotho, Eswatini, Botswana and Namibia.

The EFF Chief Whip, Floyd Shivambu has criticised the new deal and Patel.

“The Minister of Trade and Industry comes here to have some neo-colonial exuberance in speaking about a new colonial status in the so called new deal with Britain or the UK in General. The reality is that there won’t be anything fundamentally shifting in terms of the colonial status that South Africa occupies in its trade relationship with the United Kingdom.”

“So what that trade relationship will do, is to continue to benefit the minority white agricultural practitioners and the European companies that are invested in the manufacturing sector. So it is to say, now that the ultra-nationalists in the UK have relinquished their Pan Continentals project by voting to leave the European economic community South Africa goes to beg that, please don’t affect the white minority control of the economy of South Africa,” Shivambu adds.

However, the Democratic Alliance (DA) has welcomed Patel’s announcement of a new trade partnership deal between the six SACUM countries and the United Kingdom.

The DA’s Dean Mc Pherson says the deal will benefit South Africa.

“Until the 31 of 31st October 2019, this access via the EPA to the United Kingdom will remain. However, should the United Kingdom leave the EU without a deal, this renewed agreement will come into effect. This gives our industries and our farmers much certainty, so that they can continue to invest in their production capacities as well as to maintain the 175 000 jobs which were employed by businesses and farmers that trade with the United Kingdom. The United Kingdom is an important market for South Africa and Western Cape exports.”

 

Share article
Tags: EFFFloyd ShivambuEbrahim PatelThe Economic Freedom FightersThe Southern African Customs Union and MozambiqueSACUM-UK
Previous Post

New Zealand more focused on Springboks than World Cup for now

Next Post

Metrobus, Demawusa headed to Labour Court on Wednesday

Related Posts

Labour expert, Mamokgethi Molopyane says there's a possibility that mining companies may cease operations in the next coming years should load shedding continue and this will lead to retrenchments.

Mining companies could cease operations should load shedding persist

3 July 2022, 7:51 PM
A woman looks on next to a parafin light during an electricity load-shedding in Soweto, South Africa, March 2021.

Eskom to implement Stage 6 rolling blackouts from Monday afternoon

3 July 2022, 1:50 PM
A worker pours crude oil into a locally made burner using a funnel at an illegal oil refinery site near river Nun in Nigeria's oil state of Bayelsa.

Nigeria lost $1 billion in Q1 revenue to crude oil theft

3 July 2022, 3:31 AM
Businesses in he Northern Cape say they are battling to stay afloat and are afraid they might soon have to close shop due to lack of power supply.

Northern Cape businesses barely surviving due to load shedding

2 July 2022, 10:47 PM
South African rand notes.

R3.4-billion voluntarily returned by employers who were TERS beneficiaries: UIF

2 July 2022, 10:07 AM
MSCI's world stocks index, which on Thursday notched its biggest percentage decline for the first half of the year since its 1990 creation, rose 0.4%.

Second half begins with rally in stocks, fall in yields

2 July 2022, 2:10 AM
Next Post
Metrobus workers belonging to DEMAWUSA embarked on an indefinite strike on Monday over salary progression issues

Metrobus, Demawusa headed to Labour Court on Wednesday

Most Viewed

  • 24hrs
  • Week
  • Month
  • EMS says fire at Bree Street Taxi Rank in Johannesburg has been extinguished
  • The public has until 18 May to make submissions on Icasa’s regulations for extension of expiry period for data, airtime
  • ANC NEC expected to hold a special meeting on Sunday
  • Eastern Cape flood victims plead for support as access to food, services remains difficult
  • Amathole Regional Secretary elated to have corruption charges against him dropped
  • Interpol arrests suspect for swindling US citizens millions of dollars
  • Missing Soweto boy’s body found at Eldorado Park wastewater plant
  • E Cape Liquor Board says Enyobeni tavern owner will face criminal charges
  • Police close investigation into Enyobeni tavern tragedy
  • Taxi commuters to pay an additional R5 in fare from Friday
  • Interpol arrests suspect for swindling US citizens millions of dollars
  • East London police search for clues that led to tavern death; calls to revoke tavern’s licence 
  • UPDATE: At least 17 people killed in an East London tavern stampede
  • SANTACO and NTA calls on COSATU to join the national shutdown over the hiking fuel prices
  • NTA yet to decide whether to support calls for national shutdown amid fuel price hikes

LATEST

Two bodies of sisters were recovered after their floating bodies were found at Hermanus beach in the Western Cape.
  • South Africa

Bodies of two sisters recovered after drowning in Hermanus


UK's Katie Healy to fight against South Africa's Matshidiso "The Scorpion Queen" Mokebisi at Steve Tshwete Banquet Hall in Middelburg, Mpumalanga, on July 8th.
  • Sport

Boxing: Four belts to be contested in one night


File image: A lightbulb glows
  • South Africa

Civilians cautioned of directing traffic during blackouts


Socio-Economic Rights Institute of SA (SERI) conducting a workshop entitled “Taking Back Democracy: From Marikana to Makhanda.” n Saturday with family members of slain Marikana Miners.
  • South Africa

President Ramaposa expected to account for orchestrating Marikana massacre


Labour expert, Mamokgethi Molopyane says there's a possibility that mining companies may cease operations in the next coming years should load shedding continue and this will lead to retrenchments.
  • Business
  • Mining in SA

Mining companies could cease operations should load shedding persist


Six months since the burning of the National Assembly on January 3rd 2022, investigations continue.
  • South Africa

Investigations continue six months after the National Assembly was gutted by fire


Weather

  • About the SABC
  • Contact Us
  • Jobs
  • Advertise
  • Disclaimer
  • Site Map

SABC © 2022

No Result
View All Result
  • SOUTH AFRICA
  • POLITICS
  • BUSINESS
  • SPORT
  • AFRICA
  • WORLD
  • SCI-TECH
  • LIFESTYLE
  • FEATURES
  • OPINION

© 2022

Previous New Zealand more focused on Springboks than World Cup for now
Next Metrobus, Demawusa headed to Labour Court on Wednesday