SOUTH AFRICA: Ramaphosa Repeats That South Africa Will Not Be Bullied
- “RAMAPHOSA REPEATS THAT SOUTH AFRICA WILL NOT BE BULLIED'” - BBG
- “RAMAPHOSA: S. AFRICA MUST BE UNITED AGAINST HARSH GLOBAL WIND'”
- "RAMAPHOSA: S. AFRICA WILL NEVER ALLOW FORCED REMOVALS FROM LAND"
- "RAMAPHOSA: SOUTH AFRICA LAND RESTITUTION IS ONGOING PROCESS"
The latest headlines may be assisting the recovery for USDZAR at the margins – alongside the broader advance for the greenback on Trump’s latest comments regarding reciprocal tariffs – with the pair almost back to flat on the session amid further signs of discontent between South African and President Trump’s administration.
As a reminder, Trump passed an Executive Order earlier in the week cutting aid to South Africa, potentially in a bid to punish the nation for adopting a new land-expropriation law, which he sees as race-based discrimination.
The ANC say the law will help to achieve its land-redistribution goals but it has attracted criticism from within the GNU. Indeed, the DA said Monday it is challenging the Expropriation Act in the Western Cape High Court, claiming it is unconstitutional.