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Trump Leaps Into South Africa’s Racially Charged Land Debate

  • South African government calls meeting with U.S. ambassador
  • Rand falls against dollar on speculation of economic fallout
Bloomberg business news
Bloomberg’s Amogelang Mbatha explain how a tweet by President Donald Trump affected South Africa’s rand.(Source: Bloomberg)
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With legal questions mounting at home, U.S. President Donald Trump waded into South Africa’s racially charged debate about land reform, triggering a selloff in the rand.

Trump said in a tweet that he’s asked U.S. Secretary of State Mike Pompeo to “closely study the South Africa land and farm seizures and expropriations.” He was intervening in a controversy about whether South Africa should implement a policy of seizing land without paying for it in a bid to address inequalities built up during apartheid and colonial rule.