The Gauteng government has made it clear that it will be targeting privately owned land and not only that owned by the state when it deals with expropriation without compensation and land reform. Infrastructure development MEC Jacob Mamabolo told the provincial legislature that tampering with ownership patterns would be done with immediate effect as the Gauteng government would test the provisions in the Constitution that deal with property rights and would not wait for the constitutional review committee to complete its work on possibly amending section 25 of the Constitution. The provincial legislature held a heated debate on land expropriation without compensation on Tuesday. The national debate has intensified investor fear, centred on damage to property rights and the financial sector, as well as the effect it could have on agriculture, land value and food production.
Recently Fitch Ratings said land reform in SA would probably be handled in a way that avoided significant...
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