South Africa’s government is putting the final touches to an overarching package that aims to shield businesses against the fallout from punitive US trade tariffs and plans to present it to lawmakers later this week.

South Africa faces the highest rate in sub-Saharan Africa, reflecting Trump's strained relationship with the government of President Cyril Ramaphosa. Other African nations, including Nigeria, Ghana, Lesotho and Zimbabwe have been hit with a 15% tariff, which will also come into effect in seven days.

South Africa is seeking new markets in Africa and Asia as it negotiates with the United States over looming 30% trade tariffs.