The ANC deals a double blow to the almost 10 million unemployed South Africans
The Democratic Alliance (DA) notes tonight’s reckless and irresponsible announcement by President Cyril Ramaphosa that the ANC has resolved to expropriate land without compensation and will amend the Constitution to give effect to such.
It is quite remarkable that on a day that has seen unemployment rise again to levels of a humanitarian crisis – the highest in 15 years - the ANC has decided to ramp up its efforts to undermine economic growth and job creation and play Russian roulette with the economic future of SA. This move will only serve to fuel the jobs crisis it has single-handedly created.
Successful land reform doesn't require amending the Constitution. It requires government action. It requires eradicating corruption. And it requires economic certainty. The ANC – and President Ramaphosa – have failed in this and have failed the people of South Africa.
In countries where such reckless and populist policies have been implemented, their economies have suffered, and unemployment and poverty has skyrocketed. It appears the ANC is desperate to follow suit, and see our economy face another credit rating downgrade.
We will oppose this move in Parliament with all our might. We support land reform that makes South Africans owners and participants in a growing, thriving economy. We will never support a land policy that takes economic power away from South Africans and hands it to a corrupt government.