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ENGAGE: South African President Cyril Ramaphosa. PHOTO: REUTERS
ENGAGE: South African President Cyril Ramaphosa. PHOTO: REUTERS

Ramaphosa to engage Trump over aid suspension

SA president keen to clarify law
Trump said on Sunday, without citing evidence, that 'South Africa is confiscating land' and 'certain classes of people' were being treated 'very badly'.
Reuters
South African President Cyril Ramaphosa said on Monday that he looked forward to engaging with Donald Trump after the US president said he would cut off funding for South Africa, citing land confiscations.



Trump said on Sunday, without citing evidence, that "South Africa is confiscating land" and "certain classes of people" were being treated "very badly" so he would cut funding until the matter was investigated.



Ramaphosa signed into law a bill last month to make it easier for the state to expropriate land in the public interest, despite objections by some parties in his coalition government.



"We look forward to engaging with the Trump administration over our land reform policy and issues of bilateral interest. We are certain that out of those engagements, we will share a better and common understanding over these matters," Ramaphosa said in a statement issued by the presidency.



"South Africa is a constitutional democracy that is deeply rooted in the rule of law, justice and equality. The South African government has not confiscated any land."



The law aims to address racial disparities in land ownership that persist three decades after apartheid's end in 1994.



Access to land



Special conditions have to be met before expropriating land, such as it having long-time informal occupants, being unused and held purely for speculation, or being abandoned.



"The recently adopted Expropriation Act is not a confiscation instrument, but a constitutionally mandated legal process that ensures public access to land in an equitable and just manner as guided by the constitution," Ramaphosa added on Monday.



Trump's comments, made in a Truth Social post, did not directly name the law.



Ramaphosa said except for PEPFAR aid, which constitutes 17% of South Africa's HIV/Aids programme, there was no other significant funding provided by the United States.



South Africa's rand fell nearly 2% against the dollar early on Monday after Trump's remarks. Stocks and the benchmark government bond also tumbled.



*Reporting by Bhargav Acharya and Tannur Anders

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Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 863.12/OZ UP +0.76% | Copper US$ 4.42/lb UP +1.98% | Zinc US$ 2 806.80/T UP 0.01% | Brent Crude Oil US$ 75.28/BBP DOWN -0.0183 | Platinum US$ 1 007.48/OZ UP +0.66% Sport results: Weather: Katima Mulilo: 19° | 33° Rundu: 19° | 32° Eenhana: 19° | 30° Oshakati: 21° | 30° Ruacana: 19° | 27° Tsumeb: 19° | 33° Otjiwarongo: 18° | 32° Omaruru: 20° | 32° Windhoek: 19° | 29° Gobabis: 21° | 33° Henties Bay: 18° | 22° Wind speed: 18km/h, Wind direction: S, Low tide: 14:54, High tide: 08:30, Low Tide: 02:00, High tide: 21:12 Swakopmund: 18° | 18° Wind speed: 22km/h, Wind direction: SW, Low tide: 14:52, High tide: 08:28, Low Tide: 02:00, High tide: 21:10 Walvis Bay: 18° | 23° Wind speed: 25km/h, Wind direction: SW, Low tide: 14:52, High tide: 08:27, Low Tide: 02:00, High tide: 21:09 Rehoboth: 19° | 30° Mariental: 21° | 33° Keetmanshoop: 20° | 33° Aranos: 23° | 34° Lüderitz: 17° | 32° Ariamsvlei: 22° | 33° Oranjemund: 14° | 22° Luanda: 26° | 28° Gaborone: 21° | 35° Lubumbashi: 17° | 18° Mbabane: 19° | 25° Maseru: 16° | 23° Antananarivo: 18° | 22° Lilongwe: 17° | 28° Maputo: 23° | 34° Windhoek: 19° | 29° Cape Town: 17° | 23° Durban: 20° | 23° Johannesburg: 18° | 28° Dar es Salaam: 26° | 31° Lusaka: 17° | 26° Harare: 16° | 30° Economic Indicators: Currency: GBP to NAD 23.15 | EUR to NAD 19.3 | CNY to NAD 2.55 | USD to NAD 18.55 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.29 | EGP to NAD 0.36 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.65 | ZWL to NAD 0.04 | BRL to NAD 3.19 | RUB to NAD 0.19 | INR to NAD 0.21 | USD to DZD 134.5 | USD to AOA 912 | USD to BWP 13.9 | USD to EGP 50.27 | USD to KES 129.21 | USD to NGN 1496.41 | USD to ZAR 18.55 | USD to ZMW 28 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 86610.69 Up +0.18% | Namibian Stock Exchange (NSX) Overall Index 1755.71 Down -0.35% | Casablanca Stock Exchange (CSE) MASI 16217.65 Down -0.18% | Egyptian Exchange (EGX) 30 Index 29735.59 Up +0.23% | Botswana Stock Exchange (BSE) DCI 10075.28 Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - 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