Ramaphosa forges ahead with land grab
South Africa gears up for land reform. Matthew Partridge reports.
Earlier this month, Cyril Ramaphosa, South Africa's president, said that the ruling African National Congress (ANC) "would forge ahead with plans to change the constitution to allow the expropriation of land without compensation", say Jason Burke and David Smith in The Guardian.
While no legislation has yet been passed, "all major political parties in South Africa have agreed there is a need for extensive land reform in the country". More than 70% of land is held by white farmers, according to official figures, even though white people make up just 8% of the population.
What the ANC is proposing "is pointless at best and dangerous at worst", says The Economist. While Ramaphosa "insists that land would be taken without harming the economy", investors "fear an incremental assault on property rights".
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Existing efforts to change land distribution have resulted in "corruption" and "spurious claims". Instead of trying to move land from one group to another, "the best place to start helping poor blacks is to let them secure their full rights to land they already hold" and to "release state-owned land, which makes up about 11% of the total".
Yet wider reform is sorely needed, says the Financial Times. Black Africans were unjustly stripped of their land in 1913 under the Natives Land Act. Previous attempts to redress this injustice had only "marginal success". The status quo is "morally and politically untenable" and doing nothing invites a violent reckoning. "Ramaphosa has a chance to go about this in a measured way. It is the alternatives that would spell disaster."
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.

-
Nine of the best luxury Christmas hampers to buy in 2025We take a look at the best luxury Christmas hampers – an indulgent selection of the finest cheeses, wines, chocolates and puddings for a quality celebration
-
How much should you be paying your financial adviser?Financial Conduct Authority data shows financial advisers are charging up to 3%. Here is how you know if you are getting value for money