South Africa Rand Dips as Trump Renews Criticism of Policies
- Trump repeats his offer for sanctuary to White farmers
- US has withdrawn from a coal-transition pact in South Africa
South Africa’s rand weakened after US President Donald Trump renewed his criticism of the country.
The currency fell as much as 1.1% and traded 0.7% weaker at 18.2563 rand per dollar as of 5:45 p.m. in Johannesburg, after Trump repeated on his Truth Social account that South Africa is confiscating farmers’ land and farms. The nation hasn’t seized any private land since the end of White-minority rule in 1994.