Former president Jacob Zuma opens up about land reform | Fin24
  • New Currency

    Facebook's Libra crypto coin: 5 things we know, and 5 we don't.

  • World Bank Loan

    Eskom in race against time to complete coal line to Majuba power station.

  • Fin24’s newsletter

    Sign up to receive Fin24's top news in your inbox every morning.


Former president Jacob Zuma opens up about land reform

Jan 02 2019 15:56
Ana Monteiro, Bloomberg

Former South African President Jacob Zuma said he supports nationalising land as the country’s ruling party takes steps to change the country’s constitution to make it easier to take it without compensation.

"My information says that European countries don’t sell land to private people or companies - it is in the hands of the state," Zuma said in a video posted to his Twitter account Wednesday.

"If you want to use it, you lease it. Why in our case it should be different?"

Zuma’s position matches that of the Economic Freedom Fighters, a populist party that’s won support from young voters in impoverished townships and wants blanket nationalisation of all land.

The ruling ANC, which Zuma led for a decade before being replaced by Cyril Ramaphosa a year ago, says individual property rights should be respected but more needs to be done to address racially skewed land-ownership patterns dating back to colonial and apartheid rule.

On December 21, lawmakers released a draft expropriation bill that outlines the circumstances under which the state can take land without paying for it.

The bill is separate to plans to amend the constitution to explicitly make it permissible to seize land.

Lawmakers approved a report recommending that change last month and will now establish a parliamentary committee to draft the necessary legislation.

anc  |  eff  |  jacob zuma  |  julius malema  |  land reform  |  land  |  nationalisation


Company Snapshot

Money Clinic

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