Since the passing of the parliamentary motion to review section 25 of the Constitution there has been an explosion of views on land reform, land tenure regimes and state ownership of land. From these debates it has become clear that there are diverse views on the value of land and its role as an instrument of financial security and leverage. Some positions, such as that of the EFF, support the principle of an end to private ownership of land and propose instead common property ownership. For this to be workable the state would have to implement a leasehold system over all land and run an effective land administration system and strong legal system to protect the security and tradability of the leasehold. However, as shown in many parts of Africa, Asia and Latin America, this is not easily guaranteed. There are clearly divergent ideological positions on land as an asset and its role in a market-based economy — such as that of SA — that is an integral part of the global economy. A num...

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 exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00.