Parliament’s ad hoc committee dealing with the bill focusing on expropriation without compensation has decided to refer it to the National House of Traditional Leaders.Traditional leaders are regarded as the custodians and stewards of the land they rule and need to be adequately consulted about issues of land redistribution. However, the ANC resolved at its conference in 2017 that traditional leaders should relinquish custodianship of the land held in trust by the government.
The amendment of the constitution is meant to ease expropriation of land without compensation to tackle skewed land-ownership patterns dating back to the apartheid and colonial eras. Various commentators have warned that wholesale expropriation without compensation will discourage investment, threaten food security and negatively affect economic activity and job creation. This is while the country is battling to tackle low growth and high unemployment.
The Banking Association SA, the industry body representing registered banks, has previously said that while it is essential for the country to deal with land reform‚ this has to be done without discouraging investment.
After the Bantustan Act, what’s the point?!
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