# South African Rand Seesaws After Ruling Party Withdraws Expropriation Bill - Markets Insider

> The South African rand swung back and forth after the ruling party withdrew a 2016 land-reform bill that enabled expropriation of land without compensation. The rand erased earlier gains of up to 1%, trading back below 14 per dollar, as the party cited a constitutional review process.

- Date: 2018-08-28 · published 2018-08-28T12:00:00.000Z
- Category: policy · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/63826-south-african-rand-seesaws-after-ruling-party-withdraws-expropriation-bill
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Reduced near-term expropriation risk supports the rand, which lowers South African feed importers' dollar costs, though the constitutional process keeps uncertainty elevated.

## Read by commodity

- USDZAR: neutral

## Sources

- markets.businessinsider.com: https://markets.businessinsider.com/news/stocks/south-african-rand-seesaws-after-ruling-party-withdraws-expropriation-bill-2018-8-1027490715

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.