On Thursday, 7 November, TLU SA sent an urgent letter to President Cyril Ramaphosa to express grave concerns over Deputy President Paul Mashatile’s request to sign the Expropriation Bill as soon as possible. In the letter, TLU SA outlined how this bill could have severe implications for the country’s economic growth and investor confidence. TLU SA urged President Ramaphosa to approach this decision with caution.
The letter emphasises the necessity of economic stability and policy certainty to address unemployment and poverty. TLU SA made it clear that a secure environment and trust in policy form the foundation for economic growth and that investors—both local and international—remain hesitant to invest in South Africa as long as expropriation without compensation is on the table.
“Several investors have repeatedly voiced concerns about the principle of expropriation without compensation as outlined in the Expropriation Bill,” explained TLU SA. “They are worried about its impact and are currently reluctant to invest in the country’s economy. These investments are absolutely essential for job creation and a healthy economy. South Africa simply cannot afford to implement this policy—our youth, who are already struggling to find employment, desperately need these opportunities.”
TLU SA called on President Ramaphosa to prioritise the interests of all South Africans and to remove the controversial clause on expropriation without compensation from the bill. “Our people need leadership that prioritises their well-being and the country’s future. This is a decision that will affect every citizen and the entire economy.”
TLU SA will continue to stand up for the protection of property rights and to support policy directions that promote true economic growth and sustainability for South Africa.
