Visiting US envoy John Sullivan urges more transparency on land reform in SA, warns of 'misinformation' in Washington
The debate on land reform has not translated well in the US and investors are looking for more transparency from the South African government that it will not hurt the economy, says US deputy secretary of state John Sullivan.
“Land reform has gotten significant attention but there is a lot of misinformation in the US. I don't think it has translated well across the ocean and been covered with the depth and perspective that is necessary.” Trump's comments drew a backlash from the SA government, which said he was misinformed, and led to the rand weakening by 1.5%.
“My message on behalf of the US is in addressing this complex issue, that it be done in a transparent way so that both the agriculture sector and the economy generally aren’t significantly adversely affected by a nontransparent process which reduces investor confidence and reduces South Africans' confidence,” Sullivan said. “This will promote confidence in SA and the SA economy.”
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