Business has warned that land reform without compensation should be done within the limits of the Constitution. In a written submission to the constitutional review committee seen by Business Day, Business Unity SA (Busa), the voice of organised business, said it was concerned about any amendments to the Constitution that could spook investors. "In reality, it is the challenges and failures associated with the implementation of land reform that have led to perceptions that the current constitutional framework has failed," the submission reads. The committee was established to review the Constitution to make it possible for the state to expropriate land. Busa CEO Tanya Cohen said the Constitution already allowed for land reform to be addressed and any amendments would deter already wary investors. "When we attended the road shows earlier this year, one of the key issues investors raised with us is land and security of property and if they are going to come and invest in the country, ...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now