South African authorities have warned that U.S. reciprocal tariffs could put an estimated 30,000 jobs at risk.

Renowned economist Dawie Roodt says that the incoming US tariffs are really bad news for an already fragile economy, but there is a chance for a positive outcome.

The South African rand gained against a softer dollar after the United States reported weaker-than-expected jobs data, but stocks on the local bourse fell sharply as traders mulled the impact of higher tariffs on the country after it failed to clinch a trade agreement with Washington.