Home News Trump Cuts Off Funding to South Africa Over Racial Land Confiscation

Trump Cuts Off Funding to South Africa Over Racial Land Confiscation

February 3, 2025

President Donald Trump announced Sunday that he is suspending all U.S. aid to South Africa after the latter passed a law on land expropriation, which many fear could lead to Zimbabwe-style seizures of land owned by white citizens.

The president made the surprise announcement on Truth Social, his own social media platform, on Sunday evening:

[…] South Africa received $273 million from the U.S. in 2023, according to ForeignAssistance.gov. (Reuters puts the sum at $440 million.) That includes funding for the President’s Emergency Plan for AIDS Relief (PEPFAR). South Africa also has key trade deals with the U.S.

Continue Reading at Breitbart.com…

Financial Survival Network (FSN) content is informational only and based on information available at the time of creation. It is not an offer or solicitation, nor does it provide investment, tax, or legal advice. It may not consider your specific financial circumstances or objectives and may not be suitable for you. FSN content is not a recommendation to buy or sell any securities. Readers should consult their own professional advisers and conduct their own independent investigations before making any investment decisions. FSN does not guarantee the accuracy or completeness of its content or any third-party information it uses, which has not been independently verified by FSN. Readers are cautioned not to rely solely on FSN content for investment decisions.

FSN and its owner may have financial interests in the companies discussed and may trade such securities without prior notice. FSN is funded by sponsor advertisements, with payments ranging from five to ten thousand dollars monthly. FSN does not charge its viewers/listeners/readers any fees. By accessing FSN content, users agree that FSN and its affiliates are not liable for any inaccuracies, omissions, or representations in the content provided.