Register now for Fin24 Dashboard and get access to portfolios, watchlists, financial comparison tools, and a whole lot more to help you achieve your financial goals.

Data provided by McGregor BFA
All data is delayed
Loading...
Where am I? Home
 
Prices are delayed by 15min.
Join the Fin24.com conversation about JSE-listed stock by using every time you tweet.

ANCYL backs Zuma's land call

Apr 30 2010 12:26

Related Articles

Getting land reform's measure

New land reform 'scares investors'

Land reform: Govt changes tack

Farmers want land reform talks

New focus put on land reform

Black farmers hit out at govt

 

Top Stories

Cell C move sparks price war

May 27 2012 11:21

There's a price war raging between South Africa's cellphone networks after Cell C lowered the rates of its prepaid calls by more than 34%.

Tupperware agents incensed by fakes

May 27 2012 11:49

The country's 200 000-odd Tupperware agents are angry about the counterfeit products being sold as the real McCoy.

Another golf estate victim

May 27 2012 13:09

The oversupply of golf estates has claimed another victim.

 
Share Share line Print

Johannesburg - The ANC Youth League supported President Jacob Zuma's call for a review of the "willing buyer willing seller" land redistribution strategy, a spokesperson said on Friday.

"The African National Congress Youth League is totally behind President Jacob Zuma's call for a decisive land redistribution strategy, particularly the long overdue review of the willing buyer-willing seller principle," said a statement from Floyd Shivambu who had just returned from a league field trip to Venezuela on oil nationalisation.
 
The ANCYL also agreed with Black Management Forum (BMF) president Jimmy Manyi's contention that the constitutional
imperative of providing a fair price for land needed to be revised because under the current system "exorbitant" market-related prices
were being paid.

Zuma broached the topic at a BMF conference on "unintended consequences" of the Constitution.

But, Zuma hastened to add there would be no land invasions, an apparent reference to Zimbabwe's land redistribution programme
widely regarded as the main contributor to that country's economic crisis.

"There will be no similar kinds of land invasions in this country, because we do things within the law," he said.

Zimbabwe's land redistribution policy was largely run by people calling themselves war veterans who would camp on farmers' property
and either forcibly remove farmers or harass them into leaving. A void in agricultural knowledge, and of the funding required for inputs, saw the agricultural sector plunged into a crisis that left huge swathes of the country dependent of food aid.

The league said that historically defined racial inequalities should be appreciated and that it would lobby for a "more radical and decisive" economic transformation and land redistribution programme.

"None of these programmes will undermine the rule of law, but will ensure that law is progressively utilised for redress purposes."

The land reform department said that its core land reform programme was to redistribute 30% of white-owned agricultural land.

To date 5.9 million hectares of land had been acquired through redistribution and restitution.

The league's president Julius Malema recently said he supported Zimbabwe President Robert Mugabe's programme of land seizures from white farmers, and that South Africa's political freedom would mean nothing if a practical programme of intervention on property issues was not decided.

He claimed that South Africans did not own their own country because the land was owned by foreigners.

The league had already spoken out on its belief that mines should be nationalised, and, said Shivambu, on the Venezuela trip, they learnt how the state's control of oil contributed to the national fiscus.

"People are having immediate benefits from the state's control of the oil industry," said Shivambu, who accompanied Malema on the
trip.

- Sapa

 
 
Comment on this story
10 comments
Add your comment
Comment 0 characters remaining
Facebook's intrinsic value
May 23 2012 11:32

When it comes to judging a company’s worth, value investors like Warren Buffett look at intrinsic value. By that measure, Facebook’s shares are worth less than $10. A Reuters analyst breaks down the math. (Reuters)

Perfin

I arranged two workshops in Cape Town at the Cape Chamber of Commerce offices as well as two computer based workshops, one on Google Adwords and another on Joomla Administrator at the training centre in Somerset West. Emarketing Workshops - http://emarketingworkshops.co.za/next-workshops 1. Interne... Read their blog...

Recently updated
Podcasts
The Sishen saga

Legal expert Peter Leon on the increasingly complex legal wrangle over the Sishen Iron Ore mine. Time: 8:17 Listen Here...

Before you list

Is the clarion call of the JSE calling? Listen to Fin24’s expert panel discussion before you list your small business. Time: 17:29

Compare and Buy

Compare and apply for hundreds of financial products from many suppliers.

Credit cards Medical aid Current accounts Think Money

Money Clinic

Money Clinic Do you have a question about your finances? We'll get an expert opinion.
Click here...

Loading...