Rand Tumbles As Government Warns Of “Catastrophe” Unless ‘Land Reform’ Allowed
by Tyler Durden
ZeroHedge.com
Thu, 08/30/2018
In a barrage of headlines that sparked chaos in FX algo markets, The South African government proclaimed proudly that it is opposed to illegal land grabs (sparking a rally in the rand) before humans realized that this is mere statement of fact and that the entire reason for this process is to ‘legalize’ land grabs through reform.
As Deputy President David Mabuza said, the nation will “slide into catastrophe” if land reform doesn’t take place.
“The majority of our people are poor and homeless,” he told lawmakers in Cape Town Thursday.
“Our resources to carry out reform are limited.”
And the reaction is now getting real as the Rand nears two-week lows once again…
The Rest…HERE
