ANC's Duarte Says S. Africa `Won't Be Another Zimbabwe' on Land
(Bloomberg) -- Plans by South Africa's ruling African National Congress for land reform won't undermine the economy or curb food output, Deputy Secretary-General Jessie Duarte said.
The country's land reform policies “won't be another Zimbabwe,” she told reporters in Johannesburg, referring to land policies of former President Robert Mugabe in South Africa's northern neighbor.
Land reform must be conducted “in an orderly manner,” Secretary-General Ace Magashule said at the same conference. On Dec. 20, the ANC said expropriating land without compensation should be among mechanisms to effect land reform, as long as it doesn't undermine the economy, agricultural production and food security.
The party's proposal to expropriate land without paying for it will be done responsibly and farming must continue as normal, President Cyril Ramaphosa said on Thursday. “There will be no smash and grab” of land, he told lawmakers in the House of Traditional Leaders in Cape Town.
To contact the reporter on this story: Arabile Gumede in Johannesburg at agumede@bloomberg.net.
To contact the editors responsible for this story: Alastair Reed at areed12@bloomberg.net, Jacqueline Mackenzie
©2018 Bloomberg L.P.
-
The Economic Imperative: Analysing The Material Driving Force Behind India-Canada Strategic Reset
This economic complementarity is further reinforced by deep institutional investment ties and talent mobility, which form the bedrock of the bilateral framework.
-
Medicine Pricing: Where Must Profit Stop?
India must confront excessive margins, hidden incentives and regulatory gaps that threaten the integrity of medicine.
-
Why Amazon And Flipkart Are Struggling To Beat Meesho In India's Smaller Cities
With 274 million users and lowest-cost logistics, Meesho is defending its value commerce crown against giants like Amazon and Flipkart.
-
High US Salaries, No Green Card Certainty: The Financial Calculation Facing Indian H-1B Families
The suspension of PERM processing at eight technology employers does not cancel existing H-1B visas. What it does is force a question many Indian families have been avoiding: is the US salary worth tying your career and family plans to one employer?
-
Swiggy vs Eternal: Food Delivery's Two Rivals Are No Longer In The Same Race
Eternal is building a private AI assistant, dark.ai. Swiggy is still working out how to make Instamart pay, with an operating loss of Rs 895 crore in the July-September quarter while Blinkit stayed profitable.
-
Where You Live Shapes How You Get To Work | The Reason Why
Two-wheelers are the most popular way to get to work in India, accounting for nearly 43% of workplace commutes.
-
Unhedged Position: Can India See An Indonesia-Style Time Correction?
The Nifty is trading below levels it first clocked in 2024. Is there, then, as I have suggested in the headline, potential that the current time correction drags on painfully for the next three-five, even ten years?
-
Navigating Friction And Energy Realities: An Analysis Of Marco Rubio's October Visit To India
Occurring at a critical juncture marked by stalled trade negotiations and escalating geopolitical pressures over global energy supplies, the visit offers a profound window into modern US-India relations.
-
India Exports Capital. Why Not Export Trusteeship?
The big question, then, is whether India can build an institution that global borrowers, investors, banks, and lawyers can trust, even without an Indian connection.
-
France's Economy & Politics Are In Crisis | The Reason Why
Let's look at how the French economy and politics evolved under Nicolas Sarkozy, Franois Hollande and Emmanuel Macron.