‘Brexit has implications for SA trade investment ties to UK’

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A local economist say the outcome could have a major impact on the rand and trade relations.

JOHANNESBURG – With just a day to go, the Brexit vote in the United Kingdom (UK) has raised concerns about the impact it will have South Africa.

Tomorrow, UK citizens will take to the polls in perhaps one of the most significant votes to remain or leave the European Union (EU).

London’s former mayor Boris Johnson says he believes Britain could be celebrating its independence if it leaves the EU while Prime Minister David Cameron has urged citizens to vote to stay in the EU.

A local economist says the outcome could have a major impact on the rand and trade relations.

Economist Goolim Balim says, “If the UK withdraws from the EU, it would be detrimental to the UK economy, and in turn South Africa’s trade investment and general commercial ties with the UK will be weighed upon.”

EWN

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