Cyril Ramaphosa announces Expropriation Without Compensation
President Cyril Ramaphosa announced on Tuesday that the ANC would support an amendment to South Africa’s Constitution to “explicitly” expropriate land without compensation. Cyril Ramaphosa announces Expropriation Without Compensation in the midst of dramatic and shocking unemployment figures.
The rand extended losses on Wednesday 1 August, following an overnight rout after the ANC’s surprise decision to seek to change the Constitution to expropriate land without compensation.
“It is with uncanny ability that SA’s politicians deal the beleaguered economy yet another blow just when it appeared as though things were settling down,” said Wichard Cilliers, head of dealing & director at TreasuryOne.
The ANC has officially resolved to amend the Constitution to explicitly allow for #LandExpropriation without compensation. Cyril Ramaphosa made the announcement late last night. Here is what he said… pic.twitter.com/WbL0MJNHpo
— eNCA (@eNCA) August 1, 2018
Ramaphosa’s announcement comes as Parliament’s Joint Constitutional Review Committee’s public hearings are reaching their end. The hearings have been held to determine whether there is a need to amend Section 25 of the Constitution.
Above: President Cyril Ramaphosa trying to woo investors in Toronto, Canada.
Reactions to the Presidents’ plan for Expropriating Land
For some strange reason I think I understand why ANC has come to the decision of changing the Constitution. I mean, if u were in power for 24yrs and the economy is becoming worse, with elections coming, wouldn’t u also find something new to fool voters with?
— Justice4All (@Unathi_Kwaza) August 1, 2018
If you’re able to you should leave the country as soon as possible. It doesn’t matter what race, religion, gender etc you are because in the end Socialism hurts and ultimately kills everyone. https://t.co/HIzq6YNeoF
— Jonathan Witt (@Jonathan_Witt) August 1, 2018
— Barney Mthombothi (@mthombothi) July 31, 2018
A reminder that the ANC doesn’t simply plan to trash any old section of the Constitution. They are about to do away with a provision in the Bill of Rights, the most fundamentally important legal document in the Republic.
— Leon Schreiber (@Leon_Schreib) August 1, 2018
Last night @CyrilRamaphosa bade farewell to Constitution and National Development Plan having helped author both. If he can toss these away so lightly along with his credibility – what’s next ?
— Tony Leon (@TonyLeonSA) August 1, 2018
Cyril Ramaphosa’s Speech announcing plans to Expropriate Land
“Fellow South Africans
Comrades and Friends,
The African National Congress has just concluded a two-day NEC Lekgotla in Tshwane.
The Lekgotla focused on a number of issues, including the current status of our economy, job creation and land reform.
It further engaged on issues of governance, social development and broader transformation which will be elaborated on by the secretary general tomorrow. (Wednesday)
We thought that it was important for the President of the ANC to clearly and unambiguously articulate the position of the organisation on two matters that are critical to the economic development of our country and the well-being of its people.
The first is the implementation of the ANC’s resolution on land reform.
The second is about the current economic environment.
On land reform, the ANC applauds our people, from all walks of life – including the rural poor, farm labourers, the unemployed, the landless, urban residents, farmers and traditional leaders – for expressing their views on this critical matter.
Our people have been expressing their views on the land question openly and without any fear or favour.
They have been putting forward solutions on how the land question can be resolved.
This is the constitutional democracy that we fought for.
The ANC reaffirms its position that the Constitution is a mandate for radical transformation both of society and the economy.
A proper reading of the Constitution on the property clause enables the state to effect expropriation of land with just and equitable compensation and also expropriation without compensation in the public interest.
It has become patently clear that our people want the Constitution to be more explicit about expropriation of land without compensation, as demonstrated in the public hearings.
There is also a growing body of opinion, by a number of South Africans, that the constitution as it stands does not impede expropriation of land without compensation.
The lekgotla reaffirmed its position that a comprehensive land reform programme that enables equitable access to land will unlock economic growth, by bringing more land in South Africa to full use, and enable the productive participation of millions more South Africans in the economy.
Accordingly, the ANC will, through the parliamentary process, finalise a proposed amendment to the Constitution that outlines more clearly the conditions under which expropriation of land without compensation can be effected.
The intention of this proposed amendment is to promote redress, advance economic development, increase agricultural production and food security.
It will also transform the unjust spatial realities in urban areas.
To accelerate agrarian reform, the ANC has further directed government to urgently initiate farmer support programmes in depressed areas before the first rains this year.
This should include supporting farmers with tools, tractors, fertilisers, seeds, extension services, finance and access to key infrastructure.
Our economy is facing serious challenges. The recently released figures on unemployment are worrying.
Given this economic environment, the Lekgotla directed government to move with urgency to develop and implement a stimulus package to ignite growth that will lead to the creation of jobs, especially for young people and women.
These efforts should focus on rural communities and townships.
This stimulus package will be based on existing budgetary resources and the pursuit of new investments while remaining committed to fiscal prudence.
It will comprise, amongst others, of the following:
- Increased investment in public infrastructure.
- Increased support for entrepreneurship and employment opportunities for youth and women, as well as small and medium businesses.
- Trade support measures for sectors such as sugar and products affected by big import surges
- Ensure that procurement focuses on localization
- Training for unemployed young South Africans with the skills necessary to compete in a rapidly-changing economy.
As deployees of the ANC in government, we have committed that the work to develop this stimulus should start now to ignite growth, tackle unemployment and mitigate the effects of the rising cost of living.
We call on all South Africans to work with us in developing a social compact for economic inclusion, economic growth and jobs for all.
I thank you.”