South Africa is lobbying the leaders of the US Senate and House of Representatives to extend the
African Growth and Opportunity Act (Agoa). Agoa gives qualifying countries like South Africa
duty-free market access to the US.
In his 2014 Medium Term Budget, Finance Minister Nhlanhla Nene has announced across-the-
board budget cuts, job freezes and tax increases to try and curtail run-away government
spending and revive sluggish economic growth.
Tackling youth unemployment is top of the agenda for the South African government as
it tries to eradicate the triple challenges of unemployment, poverty and inequality, said
Minister of Finance Nhlanhla Nene at an IMF discussion session