Trump Pledges to Cut Aid to South Africa Over Land Expropriation
▻https://www.bloomberg.com/news/articles/2025-02-02/trump-pledges-to-cut-aid-to-south-africa-over-land-expropriation
President Donald Trump said the US would stop sending aid to South Africa over its land expropriation policies, sparking a selloff in the rand.
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Trump’s comments come less than two weeks after South African President Cyril Ramaphosa signed a new law making it easier for the state to expropriate land, subject to equitable compensation paid.
The African National Congress, the largest political party in South Africa, has pushed to make it easier for the state to take land in an effort to address racially skewed land-ownership patterns dating back to colonial and White-minority rule.