South Africa's Ramaphosa tells Moody's land reform will not hurt economy

JOHANNESBURG, March 7 (Reuters) - South African President Cyril Ramaphosa told ratings agency Moody's on Wednesday that a drive to expropriate land without compensation would be done in a way that would not effect the economy or food security, the presidency said on Wednesday.

Ramaphosa also told Moody's, the only major agency that has retained South Africa's investment grade rating, that failure to create jobs was the biggest risk to the country, the presidency added in a statement. (Reporting by Ed Stoddard)

03/07/2018 13:14

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