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SOUTH AFRICA: US Will Continue Limited PEPFAR Services in South Africa

SOUTH AFRICA
EM BulletBulletEmerging Market News

Projects funded by the US President's Emergency Plan for Aids Relief (PEPFAR) in South Africa – which makes up a large proportion of the ~$8bln of US bilateral aid to South Africa – are exempt from the executive order by President Trump halting US foreign aid to the country, but only until the end of April, News 24 report.

  • As a reminder, Trump’s Executive Order was passed through in a bid to punish South Africa for adopting a new land-expropriation law, which he sees as race-based discrimination. The ANC say the law will help to achieve its land-redistribution goals, but it has attracted criticism from within the GNU. Indeed, the DA said earlier today it is challenging the Expropriation Act in the Western Cape High Court, claiming it is unconstitutional.
  • Most US aid to South Africa goes towards combating aids and HIV, and given these appear to be exempt from Trump’s Executive Order, Bloomberg note that should tensions escalate and Washington rescind South Africa’s preferential access for its goods to US markets under the African Growth and Opportunity Act, this would have a far bigger impact on the economy than a halt to aid disbursements.
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Projects funded by the US President's Emergency Plan for Aids Relief (PEPFAR) in South Africa – which makes up a large proportion of the ~$8bln of US bilateral aid to South Africa – are exempt from the executive order by President Trump halting US foreign aid to the country, but only until the end of April, News 24 report.

  • As a reminder, Trump’s Executive Order was passed through in a bid to punish South Africa for adopting a new land-expropriation law, which he sees as race-based discrimination. The ANC say the law will help to achieve its land-redistribution goals, but it has attracted criticism from within the GNU. Indeed, the DA said earlier today it is challenging the Expropriation Act in the Western Cape High Court, claiming it is unconstitutional.
  • Most US aid to South Africa goes towards combating aids and HIV, and given these appear to be exempt from Trump’s Executive Order, Bloomberg note that should tensions escalate and Washington rescind South Africa’s preferential access for its goods to US markets under the African Growth and Opportunity Act, this would have a far bigger impact on the economy than a halt to aid disbursements.