By Paul Vecchiatto , Amogelang Mbatha , and Sam Mkokeli
,
2 January 2018
Flag of South Africa on a map of South Africa (photo credit: Pixabay)
South Africa’s ruling African National Congress agreed to seek a change in the constitution to allow for the expropriation of land without compensation, provided it doesn’t affect the economy and food production.
White farmers own almost three-quarters of South Africa’s agricultural land, according to a land audit by farm lobbying group Agri SA published last month. The amount of land owned by the government and racial groups who were disadvantaged under white-minority rule rose to 26.7 percent of South Africa’s agricultural land in 2016, from 14.9 percent in 1994, according to the audit.
Two-thirds of lawmakers need to approve a change in the constitution. The ANC holds 62 percent of the seats in parliament and the opposition Economic Freedom Fighters, which backs the proposal, has 6 percent.
Read the full article here:
Bloomberg
Comments
Post new comment