South African business confidence rose in July, helped by higher new vehicle sales, rising manufacturing output, strong precious metals prices and well-contained inflation, data showed on Wednesday.

South Africa’s trade department has drafted proposed regulations that will allow exporters to collaborate to ease the impact of 30% tariffs the US levied on imports from the nation.

Sacci on Wednesday said this initiative poses a significant threat not only to the nation's economy but also to the sustainability of long-term business relations between the two countries.