Cyril Ramaphosa says land redistribution is key to growth and development
Land redistribution is the key to growth and development, according to President Cyril Ramaphosa, who is faced with the challenge of rehabilitating the country following the scourge of state capture.Speaking at the Drakensberg Inclusive Growth Forum on Friday evening, Ramaphosa said: "The country has turned its attention to land, with a renewed commitment from several quarters to accelerate land redistribution and restitution, and ensuring security of tenure, particularly for the poor and vulnerable."He said this is essential to address past injustices and reduce asset poverty, as well as boost SA’s growth trajectory. "The economic potential of land in SA has been severely constrained by the concentration of ownership and control in the hands of the few." In February, the National Assembly adopted a resolution brought by the EFF to begin a process to amend the Constitution allowing land expropriation without compensation.Earlier this week, the International Monetary Fund (IMF) said ...
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