Land plan ‘recipe for disaster’

The land reform plan President Jacob Zuma envisaged in his State of the Nation address on Thursday will prompt a mass exodus of foreign investors, AfriBusiness has warned.

AfriBusiness said Zuma was “creating more investment uncertainty” and that it would oppose any legislation licensing land expropriation.

 

Said AfriBusiness spokesman Stefan Pieterse: “Any form of legislation which seeks to undermine the constitutional right to own property within South Africa, or that seeks to promote the unlawful expropriation thereof, will be vigorously opposed and fought in the Constitutional Court.

 

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