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An investor walks past an electronic board displaying live market data
Markets have been in turmoil as US President Donald Trump’s global tariffs officially came into effect today.
Analysts note that emerging markets typically struggle during times of uncertainty and this is particularly the case for South Africa, which relies on the US as its second largest trading partner.
While the rand has come under pressure from both tariffs and domestic politics surrounding the Government of National Unity – some South Africans stand to gain.
Future Forex CEO Harry Scherzer, explains how South Africans earning in US dollars through online jobs like teaching can benefit.
“If you’re living in South Africa but earning dollars, this is great news because every time you bring money into the country, you suddenly have more earns for your dollars. So, anyone who has money abroad and brings it in is smiling because a cup of coffee is going to go up overnight, yet you’re paying less dollars for a cup of coffee. Cause dollars are worth more to the rand.”
VIDEO | Markets Update | 09 April 2025:
