New-look property clause may be unveiled by end-March
The DA and other smaller parties object to the establishment of the ad hoc committee on Thursday, but are outvoted
Investors who were rattled by government proposals to expropriate land without compensation could know by the end of March 2019 what the redrafted section 25 of the constitution, or the property clause, will look like. This week both houses of parliament — the National Assembly and the National Council of Provinces (NCOP) — adopted the contentious report on expropriation without compensation, which calls for a constitutional amendment to make it explicit that expropriation without compensation can be used to address skewed land ownership patterns dating back to the colonial and apartheid eras. On Thursday, during its final sitting of the year, the National Assembly adopted a draft resolution by ANC chief whip Jackson Mthembu calling for the establishment of an ad hoc committee, which will initiate and introduce legislation amending section 25 of the constitution. The expropriation without compensation debate has polarised the country and spooked investors, with the proposed amendmen...
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