South African authorities have warned that U.S. reciprocal tariffs could put an estimated 30,000 jobs at risk.

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 GinidzaAbout 30 000 jobs in various sectors are likely to be impacted by the unilateral 30% import tariffs to be imposed by the United States on South African products, which is set to come into effect before the end of this week.