Rupert, the chairman and founder of Richemont, stressed the importance of extending a trade pact that grants duty-free access to the U.S. market for South Africa and over 30 other African nations.
He emphasized that the African Growth & Opportunity Act, which is set to expire in September, is crucial for South Africa's economic stability and growth.
As the country's wealthiest individual, Rupert recently facilitated a conversation between U.S. President-elect Donald Trump and South African President Cyril Ramaphosa, demonstrating his commitment to strengthening ties between the two nations.
The extension of this trade agreement is considered essential for South Africa's ongoing industrial development and economic integration in the global market.