President Donald Trump said the US would stop sending aid to South Africa over its land expropriation policies, sparking a selloff in the rand.

President Donald Trump wrote Sunday that he was “cutting off all future funding to South Africa” in protest of its current land reform. “South Africa is confiscating land, and treating certain classes of people VERY BADLY,” the president wrote on TruthSocial, adding: “A massive Human Rights VIOLATION, at a minimum, is happening for all to see.”