The overwhelming observation from the ANC Policy Conference in Midrand is that there is more clarity on some vital issues, but simultaneously more questions about others. Investors will not like the ambiguity that brings.
Land reform will continue, even be accelerated, without changing the Constitution. It means that sec 25 of the Constitution, the so-called property clause, will remain as is. This clause states that where land is expropriated “just and equitable” compensation must be paid. The notion of paying for land taken for redistribution was also clearly articulated by a number of leaders, including Mr Zuma himself. No ambiguity there.
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Written by JP Landman
Political & trend analyst