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The ANC's push to take white-owned farmland drew attention to property-rights risks, and the rand and government bonds fell sharply after President Ramaphosa's announcement. The report explains the party's history of land policy and the chaotic farm seizures under former leadership.
Investor concern about property rights weakens the rand and raises the dollar cost of South African feed imports, while the policy outcome remains unclear.
reuters.comEd StoddardAug 24, 2018Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
