U.S. President Donald Trump said on Friday that his country is stopping all federal funding to South Africa, but South Africa responded by saying it would not engage in "megaphone diplomacy".
Trump had already signed an executive order to cut all U.S. financial assistance to South Africa last month, citing disapproval of its land policy and of its genocide case at the International Court of Justice against Washington's ally, Israel.
"To go a step further, any Farmer (with family!) from South Africa, seeking to flee that country for reasons of safety, will be invited into the United States of America with a rapid pathway to Citizenship," Trump wrote in a Truth Social post.
Trump said this process will begin immediately.
Asked for comment about Trump's remarks, Vincent Magwenya, spokesperson to South African President Cyril Ramaphosa, told Reuters that South Africa was "not going to partake in a counterproductive megaphone diplomacy."
Magwenya said the country remained committed to building a mutually beneficial bilateral trade, political and diplomatic relationship with the U.S. and this relationship must be based on mutual respect and respect for South Africa's independence and sovereignty.
White landowners still own three quarters of South Africa's freehold farmland. This contrasts with 4% owned by Blacks, according to the latest 2017 land audit, who make up 80% of the population, compared with about 8% for whites.
Partly in an effort to redress this imbalance, Ramaphosa signed a law in January allowing the state to expropriate land "in the public interest", in some cases without compensating the owner.
U.S. foreign assistance commitments to South Africa came in at $323.4 million in 2024, according to U.S. government data.
Source: Investing.com
President Donald Trump said Wednesday he plans to send a single letter to over 150 countries outlining the tariff rate they will face, saying, "It's all going to be the same for everyone, for that gro...
The U.S. central bank will probably need to leave interest rates where they are for a while longer to ensure inflation stays low in the face of upward pressure from the Trump administration's tariffs,...
US President Donald Trump plans to impose tariffs of over 10% on smaller countries, including nations in Africa and the Caribbean, as the Associated Press reported. "We'll probably set one tariff for...
President Donald Trump warned on Monday that he would impose secondary tariffs of 100% on Russia if a peace deal with Ukraine isn't reached within 50 days. "We are going to be doing very severe tariff...
The European Union announced on Sunday that it will extend its suspension of countermeasures to U.S. tariffs until early August, aiming to pursue a negotiated settlement. This comes after President T...
The EUYR/USD finished Friday's session with gains of over 0.26% amid a weaker US Dollar, following dovish comments by Fed Governor Christopher Waller, which weighed on US Treasury yields. Still, an improvement in Consumer Sentiment capped the...
The U.S. dollar slipped against the euro on Friday but held on to weekly gains, as investors weighed expected Federal Reserve policy amid signs that tariffs may be starting to increase some inflation pressures and as U.S. President Donald Trump...
Former U.S. President Donald Trump threatened to impose tariffs on members of the BRICS group of nations on Friday, warning the alliance would quickly collapse if it ever becomes a significant economic force. "When I heard about this group from...
Unemployment claims fell 7,000 to 221,000 in the week ending July 12, compared with the median estimate of 233,000, according to Labor Department...
The U.S. central bank will probably need to leave interest rates where they are for a while longer to ensure inflation stays low in the face of...
The Producer Price Index (PPI) for final demand in the US rose 2.3% annually in June, according to data published by the US Bureau of Labor...
Asia-Pacific markets fell after U.S. President Donald Trump said Tuesday that he had struck a preliminary trade agreement with Indonesia, which will...