SA FinMin Nene moves to ease investor apprehension over expropriation

PUBLISHED: Mon, 20 Aug 2018 15:15:53 GMT


The rand has lost 11.9 per cent since the beginning of August as the sell-off in emerging markets continued triggered by the Turkish Lira. And locally there has been investor apprehension to land expropriation without compensation and the Economic Freedom Fighters tabling an amendment bill to nationalise the Reserve Bank. CNBC Africa’s Karabo Letlhatlha caught up with Finance Minister Nhlanhla Nene and his deputy at the financial results of the land bank and started by asking them about investor apprehension in the face of expropriation.

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