No clarity on land policy before 2019
Review committee recommends amending constitution to expedite expropriation without compensation
Investors seeking clarity on government policy on land expropriation will have to wait until after the 2019 elections. While parliament’s joint constitutional review committee formally resolved on Thursday to recommend that the property section of the constitution be changed to expedite expropriation of land without compensation, the ANC confirmed this is unlikely before the poll. The committee ignored objections from opposition parties, business organisations and some academics, who have argued that the change would discourage investment without dealing with the real causes of the slow implementation of land distribution, almost a quarter of a century after the country’s first democratic elections. The ANC’s confirmation that the change will only take place in 2019, despite an EFF call for the amendment to be passed during the current parliamentary sitting, leaves the possibility that it might not happen at all if the parties fail to win enough votes to secure a two-thirds majority...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.