EXPROPRIATION
Cyril Ramaphosa rules out mayhem in land reform plan
‘We are seeking to put right what was done wrong many years ago,’ Ramaphosa says in New York
President Cyril Ramaphosa says his administration will pursue plans to redistribute land to the country’s black majority and is still considering whether constitutional amendments would be necessary in order to make it easier to expropriate property without compensation. "We are seeking to put right what was done wrong many years ago," Ramaphosa said on Wednesday in an interview with Bloomberg Television in New York, where he has been attending the UN General Assembly. "There won’t be any mayhem, there won’t be any land grabs." The ANC decided in December that constitutional amendments were needed to address racially skewed land ownership dating back to colonial and white-minority rule, but they should not damage the economy and agricultural production. Property rights Even so, the prospect of property rights being diluted has taken a toll on SA’s assets, which were already under pressure from an emerging-market sell-off, and drawn criticism from US President Donald Trump. Ramaphosa...
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