Rand slumps against the dollar following Trump’s land Tweet

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The rand has slumped against the dollar after the US President’s tweet on South Africa’s land debate. Trump tweeted that he had asked the US Secretary of State “to closely study the South Africa land and farm seizures and expropriations”. The US Department of State contradicted Trump’s Tweet stating it is aware “President Ramaphosa pledged that the land reform process will follow the rule of law.

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