ANC electioneering fuelling state-sanctioned land grabs
21 August 2018
On Wednesday, President Cyril Ramaphosa will answer questions in Parliament and he must use this opportunity to come clean on the government’s stance on land expropriation without compensation.
Reports today indicate that land grabs could potentially bankrupt the Land Bank. If land expropriation without compensation proceeds, it could expose the Land Bank to bankruptcy, as it will have to pay back its creditors up to R41 billion in loans.
The ANC’s clear as mud approach to land expropriation, is not only compromising investor confidence in our economy, but has also led to an exponential increase in land invasions.
Three weeks ago, the ANC President Cyril Ramaphosa announced on the SABC that the ANC supports land expropriation without compensation and has resolved to change Section 25 of Constitution. This announcement came towards the end of Parliament’s countrywide public hearings on land. Essentially, wasting millions of the people’s money and ignoring the thousands of South Africans who made their voices heard during these hearings.