With the latest news about the ANC passing the motion to continue with land expropriation without compensation, many are concerned about what this may mean for the state of the country.
Briefly.co.za takes a look at six facts you need to know about the current state of land expropriation.
1. Our Constitution does not guarantee private property
According to Section 25 of the Constitution, government has the right to expropriate property to be used for a public cause, which land reforms forms part of.
2. Research suggests expropriation without compensation will harm the economy
AgriBiz research suggests that should land expropriation without compensation continue, it may end up harming the economy. It highlights four possible ways in which expropriation may take place:
- Illegal land grabs.
- Court settlements.
- Legal purchasing of land from willing sellers.
- A partnership between the public and private sector to fund purchases of land.
3. Not about revenge
The EFF has said that land expropriation without compensation is not about revenge. It's about restoring land to people who previously had no opportunity to own it themselves.
4. Investors may be reluctant to invest in South Africa
Following the news that Parliament had approved the plan to expropriate land without compensation, the rand weakened to R11.75 to the dollar. If plans go ahead, it may fall even more.
5. Should not affect food production
President Cyril Ramaphosa has promised that land expropriation should happen in such a way that it will not affect the agricultural industry, but he has not stated how this will be ensured.
6. AfriBusiness warns that it won't accept the motion
AfriBusiness has said that it won't accept the policy, no matter who is responsible for trying to implement it.
"Although there is reason to believe that Mr Ramaphosa wants to limit its impact, the reality is that his possible caution is not a guarantee of stability," AfriBusiness CEO Piet le Roux said.
"The contempt of property that is now tolerated and fed is creating all the wrong expectations with voters, laying the foundations for a new, more radical political phase in South Africa.”
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