South African President Cyril Ramaphosa appeared to respond to threats from U.S. counterpart Donald Trump by saying in his annual speech to the nation that his country would “not be bullied.”

South Africa finds itself in the midst of a heated international debate following the enactment of a new land reform law by President Cyril Ramaphosa. The legislation, which allows for land seizures without compensation under specific conditions,

South Africa's rand was steady in early trading on Friday, after President Cyril Ramaphosa said his government would launch a second wave of reforms to try to boost economic growth.