South Africa to Expropriate Land from Whites and Nationalize Its Reserve Bank

South Africa: The African National Congress, which is the ruling Communist Party of South Africa, announced its intention to expropriate land from white settlers without compensation. It also declared that the nation's ​privately-held Reserve Bank must be wholly owned by the state. ​These announcements sent the rand, also known as the ZAR, plummeting on the currency exchange. [...]