South Africa Land Reform to Safeguard Property Rights, ANC Says
- Party doesn’t want to hurt confidence in economy, Lamola says
- Land reform will be done through the rule of law, he says
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The South African ruling party’s plans on land reform, which include expropriating land without compensation in certain circumstances, will ensure that property rights are safeguarded, its spokesman on the issue said.
“This is not going to diminish or wipe out property rights,” Ronald Lamola, a member of the African National Congress’s National Executive Committee, said on Bloomberg TV Wednesday. “We’ve been very clear that we don’t want to” hurt confidence or collapse the economy, he said.