Ramaphosa's land shock unravels rand's recovery
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President Ramaphosa's announcement on government's land reform plan has had local markets in a frenzy. The ANC has decided to amend the constitution which will allow for more clarity on land expropriation without compensation. And while this is Technically, nothing new - the rand took a knock. It has managed to recoup some of last night's lost ground but continues to show some volatility against the dollar. And Standard Chartered economist, Razia Khan joined Business Day TV on the line for her interpretations of the statement.