March 7, 2018 / 9:55 AM / a year ago

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

CAPE TOWN, March 7 (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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