- AfriForum has said that it will be approaching embassies in the country with the hopes that they will put pressure on the government and halt land expropriation
- They had hoped to be joined by the leader of COPE, however, Dennis Bloem has denied this
- AfriForum says that land expropriation will have a negative effect on investment in the country
AfriForum has said that it will be approaching embassies in the country in an attempt to get them to intervene in land expropriation without compensation. Their hope is to put pressure on the government to protect property rights.
The US embassy received a memorandum from the group on Monday. The organisation is aiming to submit more, with COPE leader Mosiuoa Lekota, to other embassies.
COPE ( Congress of the People) however has denied being a part of this.
“The leadership of Cope knows nothing about this memorandum. This memorandum was never discussed in a Cope meeting.” Responded Dennis Bloem of COPE.
Parliament’s Constitutional Review Committee adopted a report supporting changes to Section 25 of the Constitution be changed to allow for land expropriation without compensation.
“We should not have such a clause to allow this to happen. It’s not acceptable to any international investor and the sooner we realise that, the better it will be for everyone in our country.” Kallie Kriel of Afriforum said.
Afriforum is hoping that the embassies will play a role in warning the government that the violation of property rights will have a negative effect on investment. A sentiment echoed at the summit Cyril Ramaphosa attended in Brussels as well as a report released by the International Monetary Fund ( IMF).
The president had assured potential and current European investors at the summit that land expropriation without compensation would be done in a lawful manner. This is after leaders at the summit had named the issue as one of the main risks for hopeful investors wanting to put money into the South African economy.
The investors had also named BEE as one of the reasons why investment in the country had deceased, asking for a temporary relaxation of the laws for new and existing companies.
Enjoyed reading our story? Download BRIEFLY's news app on Google Play now and stay up-to-date with major South African news!