The ANC government\u2019s renewed efforts to fast-track expropriation of land without compensation are raising serious concerns, especially following Deputy President Paul Mashatile\u2019s recent statements highlighting that land reform remains a high priority on the ANC\u2019s agenda. \u201cLand is everything,\u201d said Mashatile, promising to \u201cact swiftly,\u201d despite the ANC’s previous unsuccessful attempt to amend the Constitution to enable expropriation without compensation.<\/p>\n
In response, Bennie van Zyl, general manager of TLU SA, expressed grave concerns about the government\u2019s approach. \u201cThe ANC is pushing an agenda that could cause the already fragile economy to collapse,\u201d said Van Zyl. \u201cWho will invest in a country where the state claims the right to confiscate assets without compensation? This mindset is simply absurd. Throughout the expropriation bill process and the attempts to amend Section 25 of the Constitution, TLU SA and other stakeholders have raised red flags about how irrational this framework is for economic growth.\u201d<\/p>\n
Van Zyl also referred to the Minister of Finance\u2019s recent budget speech on 31 October 2024, in which he emphasized the importance of economic growth and job creation\u2014goals that can only be achieved through a strong, trusted private sector. The private sector needs assurance that their investments are safe and not threatened by potential expropriation without compensation. \u201cSustainable job creation happens when the private sector can operate profitable businesses, and it\u2019s the state\u2019s duty to create an environment where people want to do business,\u201d said Van Zyl.<\/p>\n
\u201cWe continue to see red flags for the future of our economy. Instead of focusing on educating and empowering people on how to create wealth and play a responsible role in the economy, the government is engaging in emotional, ideological practices that put South Africa\u2019s economic future at risk,\u201d Van Zyl stressed.<\/p>\n
He pointed out that the Department of Land Affairs itself admitted that over 90% of land previously transferred is now out of production. \u201cIs the government truly so shortsighted as to steal the future of South Africa from every young person?\u201d<\/p>\n
TLU SA calls on all South Africans and stakeholders to support TLU SA\u2019s initiatives to protect private property rights. It is essential that we work together to oppose legislation and policy directions that put our economy and future generations at risk.<\/p>\n
TLU SA calls on all South Africans and stakeholders to support TLU SA’s initiatives, such as the TLU SA Charter for the Protection of Private Property Rights. It is essential that we work together to oppose legislation and policy directions that endanger our economy and future generations.<\/p>\n","protected":false},"excerpt":{"rendered":"
The ANC government\u2019s renewed efforts to fast-track expropriation of land without compensation are raising serious concerns, especially following Deputy President Paul Mashatile\u2019s recent statements highlighting that land reform remains a high priority on the ANC\u2019s agenda. \u201cLand is everything,\u201d said Mashatile, promising to \u201cact swiftly,\u201d despite the ANC’s previous unsuccessful attempt to amend the Constitution […]<\/p>\n","protected":false},"author":5,"featured_media":3514403,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[29,1],"tags":[],"class_list":["post-3514398","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-news-english","category-uncategorized"],"acf":[],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t