Uncertainty around land is damaging investment prospects - economist

Is the announcement by ANC president Cyril Ramaphosa that the ANC will push for land expropriation without compensation affecting the rand?

The rand weakened by more than 1% after Ramaphosa’s announcement on Tuesday evening. The rand had been trading at R13.10 against the US dollar and weakened to R13.26 after the announcement.

The announcement by President Ramaphosa and obviously coupled with the employment data that came out just shows you that for the fundamental perspective, the rand is really on shaky territory.

Sam Rolland, Economist at Ecomometrix

READ: 'ANC move on Land Expropriation Bill is a reckless policy position'

The timing of President Ramaphosa's announcement from an economic point of view is quite baffling.

Sam Rolland, Economist at Ecomometrix

ALSO READ: 'ANC has been swayed to amend the Constitution'

The uncertainty around land expropriation without compensation is damaging our investment prospects.

Sam Rolland, Economist at Ecomometrix

Listen to what Rolland says about the fuel prices...


This article first appeared on 702 : Uncertainty around land is damaging investment prospects - economist


Recommended

by NEWSROOM AI
Read More
SA prisons 38% overpopulated

SA prisons 38% overpopulated

Department of Correctional Services spokesperson Singabakho Nxumalo says South African prisons are overpopulated by 38%.

CoCT: The demands of MyCiti drivers on strike are as yet unclear

CoCT: The demands of MyCiti drivers on strike are as yet unclear

Mayco Member Brett Herron says the City doesn't know why MyCiti drivers embarked on an illegal strike disrupting the service.

'ANC move on Land Expropriation Bill is a reckless policy position'

'ANC move on Land Expropriation Bill is a reckless policy position'

Prof Lesiba Tefo says there is no clarity in the matter and it's because of the EFF that the ANC is taking this reckless position.

[LISTEN] 'ANC has been swayed to amend the Constitution'

[LISTEN] 'ANC has been swayed to amend the Constitution'

Senior lecturer at Wits Business school and Economics Lumkile Mondi gives analysis on the late night message by Ramaphosa.

President Ramaphosa to address the nation on land, and economic stimulus

President Ramaphosa to address the nation on land, and economic stimulus

The Money Show’s Bruce Whitfield interviews independent political analyst Dr Somadoda Fikeni.

Land grabs 'rob' legitimate residents waiting for houses -  JHB Housing MMC

Land grabs 'rob' legitimate residents waiting for houses - JHB Housing MMC

Joburg MMC of Housing Dr Meshack van Wyk responds to listeners concerns over land grabs.

Popular articles
[WATCH] Hilarious little girl tells mom that she needs a boyfriend

[WATCH] Hilarious little girl tells mom that she needs a boyfriend

Khabazela shares some of the most popular tweets, posts, and videos on 'What's gone viral'.

Idols judge Unathi Nkayi gets intimate - opens up about money, beliefs about it

Idols judge Unathi Nkayi gets intimate - opens up about money, beliefs about it

The Money Show’s Bruce Whitfield interviews Nkayi about her attitude to money (hopes and fears, successes and failures, etc.).

VBS gave Zuma R8.5m before any security was provided for loan - News 24 journo

VBS gave Zuma R8.5m before any security was provided for loan - News 24 journo

News 24 investigative journalist Kyle Cowan reports that Zuma was granted the loan despite the fact that he could not afford it.

Did you know? SA exports electricity to seven countries in Southern Africa

Did you know? SA exports electricity to seven countries in Southern Africa

Senior Researcher at Africa Check Kate Wilkinson shares their latest from their fact-finding missions.

Safe drop-off point launched for unwanted babies in Lavender Hill

Safe drop-off point launched for unwanted babies in Lavender Hill

The Baby Saver is a metal container outside a safe house. Responders are alerted once a woman places their unwanted baby inside.

'All those responsible for Sunday Times "tainted scoops" should be accountable'

'All those responsible for Sunday Times "tainted scoops" should be accountable'

Sanef's Katy Katopodis says the Sunday Times saga has done great damage to our society, democracy and to journalism.

Let your nose decide if docci claims into perfume industry are true

Let your nose decide if docci claims into perfume industry are true

Claims have been made that the perfume industry don't want consumers to know the real cost of making these products.

Rail Enforcement Unit to be rolled out this week in the WC

Rail Enforcement Unit to be rolled out this week in the WC

The unit is aimed at curbing crime on trains as well as the destruction of railway infrastructure.