S.Africa’s land expropriation plans making markets nervous -Goldman Sachs

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CAPE TOWN (Reuters) – South Africa’s plan to expropriate land without compensation is causing nervousness in markets but the process is likely to be adopted in a rational way, Goldman Sachs’ Africa chief said on Wednesday.

“We can’t pre-empt what that process is going to be so there is naturally some nervousness in the market,” Colin Coleman, Africa director of Goldman Sachs, told a conference in Cape Town.

“One has to be confident we are not going to end up in an irrational space and we will end up close to a rational position.”

Reporting by Wendell Roelf; writing by Joe Brock; editing by Jason Neely

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Godwin Okafor is a Financial Journalist, Internet Social Entrepreneur and Founder of Naija247news Media Limited. He has over 16 years experience in financial journalism. His experience cuts across traditional and digital media. He started his journalism career at Business Day, Nigeria and founded Naija247news Media in 2010. Godwin holds a Bachelors degree in Industrial Relations and Personnel Management from the Lagos State University, Ojo, Lagos. He is an alumni of Lagos Business School and a Fellow of the University of Pennsylvania (Wharton Seminar for Business Journalists). Over the years, he has won a number of journalism awards. Godwin is the chairman of Emmerich Resources Limited, the publisher of Naija247news.

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