Proposed US tariffs on South African goods could have far-reaching effects, with economists and property experts warning of potential knock-on impacts on the local housing market.
This comes as the United States considers implementing a 30% tariff on select South African exports, a move that has raised concerns across multiple sectors – from agriculture to mining and manufacturing. While the immediate effects may be felt by exporters, the ripple effect could dampen consumer confidence, weaken the rand, and place further strain on already-tight household budgets.
Antonie Goosen, principal and founder of Meridian Realty, says that although property is not directly tied to international trade, the industry is highly sensitive to broader economic pressures.
“The property market doesn’t operate in a vacuum,” Goosen explains. “If the US goes ahead with this tariff, it could affect key export sectors like steel, aluminium, and citrus – and the subsequent slowdown in these industries could lead to job losses or reduced earnings, especially in rural and agricultural areas.”
