Ramaphosa Speaks On Land Expropriation And Foreign Investors

The president further said that ''a reworked Expropriation Bill, which still has to go before the National Assembly, would lay out which kinds of land would be included in the expropriation process.''

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Ramaphosa Speaks On Land Expropriation And Foreign Investors - Surge Zirc SA
South Africa’s President Cyril Ramaphosa / Photo file: The National

President Cyril Ramaphosa in a statement on Wednesday has thrown light on the embattled land expropriation, which could scare foreign investors from coming to invest in South Africa if the tide is not checked.

The ANC presidential flag bearer who won the just concluded South African 2019 presidential election has stated on Wednesday that the government of South Africa would not ask foreign investors to invest money in the country, then turn around tomorrow and take the land away. “not something that any sensible person does” He said.

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While speaking on land reform, Eskom and economy at an investor conference organized by Golden Sachs Group in Johannesburg, President Cyril Ramaphosa clarified the issues of  formation of the ANC in 1912 and it’s current land reform platform. He said land had remained “at the core” of  the party’s message over the past 107 years. “The ANC was not formed for getting votes, and dealing with human rights, it was formed for getting back the land. One of the issues that almost derailed the dawn of democracy in our country was the land issue. It never died, it remained bubbling right at the bottom.” 

The president once more reechoed his assurance on getting back the land by saying, ”land reform and expropriation without compensation would take place in an orderly manner, with no land grabs.” He thereby assured foreign investors that they have nothing to fear as government would never lure anyone to invest on South African land and return to grab it back.

The president further said that ”a reworked Expropriation Bill, which still has to go before the National Assembly, would lay out which kinds of land would be included in the expropriation process.”

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Finally, Ramaphosa said the central government would focus only on land that is owned by the state, especially in urban areas, where people need land to develop homes. “We are going to insist that everything is done in terms of our Constitution.” He assured.

 

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