- Cyril Ramaphosa has told investors not to be scared off by the propsect of land expropriation
- He said that land reform would be handled within the rule of law
- The president also stressed that foreign investors would not have their property expropriated
President Ramaphosa has told investors not to be spooked by land expropriation in South Africa.
He made the comments at the Goldman Sachs conference in Westcliff on Wednesday.
Ramaphosa claimed that land reform would be peaceful and that it would be conducted within the bounds of the law.
The issue of land reform has long spooked investors, and it appeared that Ramaphosa was trying to put their fears to rest. After all, the president is on a mission to increase foreign investment in South Africa in order to create jobs - something which he described as a priority of his administration.
"Investors should not be worried about this, they should not even have a headache about it," Ramaphosa said.
He said that government would not wantonly seize land. Rather, he claimed that it would be done in a systematic fashion, beginning with state-owned land, according to Eyewitness News.
He addressed investors directly by saying that the government would not snatch up land developed or purchased by foreign investors.
Additionally, Ramaphosa touched on the sensitivity of land reform and the fact that various South Africans have strong, but widely different, views on the matter. He said that, consequently, the issue had to be handled with care, Briefly.co.za has gathered.
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