VOAT
Submitted by ‘CognitiveDissident5’
8/21/2018
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View the complete post including links and comments at:
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Trump Tweet on South African Land Reform Draws Government’s Ire
Rand falls after Trump says U.S. is looking at South Africa’s efforts to overhaul land ownership
Wall Street Journal
by Gabriele Steinhauser
8/23/2018
Excerpt:
JOHANNESBURG—South Africa’s government on Thursday criticized a tweet by President Donald Trump in which he said he asked Secretary of State Mike Pompeo to study efforts to overhaul land ownership and “large scale killing of farmers” in Africa’s most-developed economy.
Mr. Trump’s overnight tweet referenced a report by Fox News host Tucker Carlson attacking the U.S. government’s stance on land reform in South Africa, which he suggested was too lax.
South Africa’s rand fell against the dollar after the tweet, and was 1.3% lower in Thursday morning trade.
The ruling African National Congress has said it plans to change the constitution to explicitly allow the expropriation of land without compensation in an effort to overcome deep inequalities in land ownership the country, which shed white-minority rule in 1994. White South Africans, who make up around 8% of the country’s population, still own 73% of agricultural land, according to estimates from farmers association Agri SA.
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https://www.wsj.com/articles/trump-tweet-on-south-african-land-reform-draws-governments-ire-1535017460