Trump’s comments knock rand

PUBLISHED: Thu, 23 Aug 2018 10:16:25 GMT


South Africa’s land expropriation without compensation intentions and farm murders has caught the attention of United States President Donald Trump. He tweeted this morning that he has asked his state secretary to study South Africa’s proposed land reforms. Trump’s comments sent the rand 1.9 per cent weaker to the dollar in early morning trade to 14.42 but it has since recovered some of the losses. President Ramaphosa’s spokesperson Khusela Diko joins CNBC Africa for more.

Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent. Sign up here.