Featured post

Sean Dampte UK based singer, drops new track,‘Energy’

Monday, 29 July 2019

South Africa Presidential Panel Backs Limited Land Seizures

A presidential panel in South Africa has proposed expropriation of land without compensation, but in limited circumstances.

Land held purely for speculative purposes or occupied by tenants should be given away, it advises.

White people, who make up just 9% of the population, own 72% of the farmland that is held by individuals.

President Cyril Ramaphosa backs land expropriation, which is popular with the black majority.

The governing African National Congress (ANC) has repeatedly pledged to accelerate land transfers to the black majority since taking office in 1994, after white-minority rule ended, but progress has been slow.

Those opposed to land expropriation point to Zimbabwe where a similar policy by former President Robert Mugabe wrecked the economy and scared away investors.

President Ramaphosa set up the team of experts last year as the ANC was coming under pressure from opposition parties, especially from the Economic Freedom Fighters (EFF).

The panel proposed that the government expropriate

It said those who had bought property since the end of apartheid should be treated differently to those who had inherited land that was held under the apartheid system.

The main opposition Democratic Alliance party rejected the report’s recommendations, saying land expropriation without compensation would “further batter our ailing economy”.

Parliament is due to debate proposed changes to the land expropriation bill in October.

The post South Africa Presidential Panel Backs Limited Land Seizures appeared first on Independent Newspapers Nigeria.

Source: Independent



CLICK HERE TO READ FULL CONTENT

Brought to you by: RIDBAY | WEBSITE DESIGN & DIGITAL MARKETING