South Africa on Monday outlined support measures for local companies that will be hit by a 30% U.S. tariff this week, including exemptions from some competition rules and financial support facilities.

Banele GinidzaPresident Cyril Ramaphosa has underscored the country’s commitment to maintaining market access in the face of the United States' recent decision to impose a 30% tariff on South African imports.

Despite recent tensions, President Ramaphosa stressed the historically complementary nature of South Africa-US trade relations.