While headlines were initially confusing, South Africa's controversial land confiscation reform, in which some white-owned land could be expropriated without compensation, is still going ahead through its constitutional change but authorities have confirmed that Zulu lands will not be impacted.
The following Bloomberg headline triggered buying in the rand...
*S. AFRICA EXPRORIATION BILL WITHDRAWN AMID CONSTITUTION REVIEW
While the market's kneejerk response has been positive, with the rand jumping on the news...
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