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The ANC had stated in May that it would "test the argument" that land redistribution without compensation is permitted by current laws.
President Cyril Ramaphosa. Photo: GCIS
JOHANNESBURG – The African National Congress of South Africa will move forward with draft amendments to the constitution authorizing the expropriation of land without compensation, said Tuesday President Cyril Ramaphosa, a move likely to destabilize investors.
The ANC had declared in May that it would "test the argument" that land redistribution without compensation is permitted by current laws, a plan that would have avoided the risky strategy of 39, try to change the constitution.
The proposal was adopted in December "It has become very clear that our people want the constitution to be more explicit about land expropriation without compensation as demonstrated in the public hearings," said Ramaphosa in a speech. registered in the nation
. "The ANC goes through the parliamentary process finalizing the proposed amendment to the constitution that more clearly describes the conditions in which expropriat
Most lands remain in white hands, making it a powerful symbol persistent inequalities 25 years after the end of apartheid.
Since the end of white minority rule in 1994, the ANC has followed a pattern of "willing-seller, consenting -buyer "according to which the government buys whites-owned farms to redistribute them to blacks Progress has been slow
Some investors fear that the ANC reforms will lead to land losses to the detriment of the economy, although Ramaphosa has repeatedly stated that the changes would not jeopardize food security or economic growth. [19659004UnitedStatesSouthAfrica'seconomyInrecentyearsgrowthprospectswerewellbelowthegrowthrateof5%ofthegovernmenttolowerunemploymentlevels
The unemployment rate was "quite worrisome," according to the ruling party, which urged the government to move urgently to develop and implement a stimulus package to ignite economic growth.
Ramaphosa said the measures will include, among other things, increased investment in public infrastructure
. The package will be based on existing budget resources and the pursuit of new investments, while remaining committed to fiscal prudence, "said Ramaphosa
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