The country’s refusal to condemn Moscow over the Ukraine conflict may cost it 10% of export revenue South Africa’s neutral stance on the Russia-Ukraine conflict could cost the country a significant chunk of its gross domestic product if the US and the EU decide to punish Pretoria, Bloomberg reported on Friday, citing a Johannesburg-based partner of American banking and services giant JPMorgan. South Africa could lose as much as $32.4 billion in export revenue, or almost 10% of its GDP, should the West decide to take action, Bloomberg reported, citing a note from Ndivhuho Netshitenzhe, an economist at Stanlib Asset
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