- President Cyril Ramaphosa has once tried to allay fears and misconceptions around land expropriation without compensation
- He said the process was about unlocking the potential of the land and would unlock vast tracts of dormant land which would contribute to the economy
- Ramaphosa gave his assurance that the entire process would take place within the parameters of our constitution
President Cyril Ramaphosa has once again explained his vision for land expropriation without compensation, why the ANC is pursuing the policy and how it will be implemented. Ramaphosa also tried to allay fears and misconceptions about the introduction of the policy.
Ramaphosa said land expropriation could actually be used to create an economic boom in South Africa. He reasoned that by sharing the land more of its potential would be unlocked because vast tracts of dormant land would be used, which would lead to new jobs on farms.
Ramaphosa said land was a powerful resource which until now has been the sole reserve of only a few. He said the government wanted to unlock the levers of growth around land.
Briefly.co.za gathered that Ramaphosa said the government wanted everyone in South Africa to participate in the discussion about how to implement land expropriation.
He said the process should never be seen as a unilateral process and rather as a roundtable discussion. He said the protection of property rights remained a high priority, but this needed to include the property rights of all the people of South Africa.
Ramaphosa said the land should be shared between all South Africans and the process of land expropriation would take place within the parameters of the South African constitution.
The president is currently in London at the Commonwealth Heads of Government summit, Ramaphosa said he had explained all the issues around land expropriation to leaders of the Commonwealth.
Ramaphosa is leading the South African delegation to the summit, which is being used to promote South Africa as an investment country.
On Wednesday, Ramaphosa announced an investment deal between Brittan and South Africa, which is worth R850 million over the next four years.
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