Gwede Mantashe reveals ANC's strategy for Land Expropriation

Gwede Mantashe reveals ANC's strategy for Land Expropriation

- The ANC chairperson is the first senior ruling party official to articulate the ANC's policy on Land expropriation without compensation after months of dithering over policy

- Gwende Mantashe explained that those who own more than 12 000 heactares per farm will have to give up the rest without compensation

- The policy uncertainty had created a lot of anxiety and criticism was aimed at the party for not taking a clear position regarding the matter

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The ANC has spelt out its main thrust regarding land expropriation without compensation. In an exclusive interview with News24 the ANC chairperson Gwede Mantashe said that the party was targeting 83% of the land in the "hands of the few" while 13% is "balkanised" for the majority. This brings to an end months of speculation on what the position of the party was regarding the land policy. The party said that all farmers with more than 12 000 hectares per farm will be made to give up the rest for redistribution.

READ ALSO: Experts say the ANC-led government is to blame for the land shambles

The government's policy as explained by Mantashe seems to differ sharply from the radicalist approach desired by the EFF under Julius Malema which wants the nationalisation of all state land and it would be in turn redistributed to Black farmers.

The position of the government still remains unclear but Mantashe seemed to confirm that they would not compensate banks, if farm owners who owe banks lost their land. The amendments to Section 25 are yet to be scrutinised with the new wording of the amendments not yet set out. The very delicate matter has vast implications on the economy, if property rights are not respected. Briefly.co.za ascertained that the proposed amendment of section 25 of the Constitution – the property clause – (even while it is still being debated) may well affect the pricing of investment risk. Analysts accuse the ANC of using the land issue as a political tool and only reacting to it because the EFF clamour on land expropriation was gaining momentum. Consultations on land have been concluded with the public and submissions are being anaylsed.

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Source: Briefly.co.za

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