The South African rand strengthened early on Friday after U.S. President Donald Trump said he planned to impose reciprocal tariffs on countries taxing U.S. imports, and investors awaited a domestic budget next week.

Another area identified by Mr Trump is property rights. In a move that America’s president seems to have conflated with actual land seizures, on January 23rd Cyril Ramaphosa, his South African counterpart, signed the Expropriation Act, which gives the state new powers to expropriate property in the “public interest”.

Pres. Trump issued an Executive Order targeting South Africa (SA). In terms of this order, the United States (US) immediately cut all aid to