ANC ally Cosatu opposes changing constitution to grab white land
The South African ruling party’s labour partner sees no need to change the country’s constitution to make it easier to expropriate land without compensation.
The South African ruling party’s labour partner sees no need to change the country’s constitution to make it easier to expropriate land without compensation.
South Africa’s surprise recession provides an opening for opposition parties heading into next year’s elections against the ruling ANC. The question is whether they can capitalise on it.
More opposing voices are emerging in the battle over whether South Africa should change its Constitution regarding the expropriation of land without compensation.
South African President Cyril Ramaphosa suffered the same false start as his predecessor nine years ago: a recession in his first six months in office.
For the past eight years, South Africa was heading down the road to being run as a criminal enterprise. That’s the picture emerging from the Zondo Commission of inquiry.
Lesetja Kganyago has spoken out about his new battle: this time, with investors who own shares in the SA Reserve Bank and think they have a right to the country’s reserves.
Even as South African President Cyril Ramaphosa’s July announcement that the ruling party will push ahead with plans to expropriate land without compensation pushes down the rand and damages investor sentiment, he sold $1.3 million worth of animals from his expansive game and cattle operations.
Banks are worried that South Africa is taking a wrong turn with laws being considered by the nation’s parliament that could leave the economy worse off.
Executives at RCL Foods must have debated long and hard before deciding to embark on their own version of radical transformation.
So-called Ramaphoria has been waning for a few months now, but this week has really been a thud back to reality for those Saffers still living within the Republic’s borders.