- Khumbudzo Ntshavheni is the Member of Parliament, Minister in The Presidency, and Spokesperson of Cabinet.
- She recently attended a meeting at the White House as part of a delegation led by South Africa’s president, Cyril Ramaphosa, where they met the USA President, Donald Trump.
- On her return, Ntshavheni addressed a few themes about the visit which includes possible trade deals one of which is the import of LNG from the USA.
Excerpt
The final details of the deal will be concluded by our joint teams, however the broad strokes as communicated by Minister Parks Tau at the President’s wrap-up briefing are there:
7.1 Critical Minerals -SA is a crucial supplier of raw materials to many US supply-chains. Both countries will collaborate on investment in critical minerals, recognizing SA’s developed processing capabilities to promote value-added trade. This includes the establishment of a Joint Fund for exploration.
7.2 LNG – SA will import 75 – 100 PJ (petajoules) per annum for 10 years of LNG gas from the US which will unlock approximately $900 million to US1.2 billion in trade per annum and US$9 billion – US$12 billion for ten years based on applicable price. This will be complemented with US investment in gas infrastructure in SA. SA will work with the US to explore areas of cooperation in key technologies, including fracking technology to unlock production of gas in SA. SA and US will negotiate an arrangement to facilitate LNG imports from the US at the appropriate price. This will not replace our current suppliers of gas but complement those supplies.
7.3 A duty-free quota of 40000 vehicles per annum for the autos sector and duty-free access for automotive components sourced from SA for automotive production in the US.
7.4 A duty-free quota of 385 million kg for steel per annum and of 132 million kg of aluminium per annum.
Link to Khumbudzo Ntshavheni’s full article HERE
