AfriBusiness to hold summit about expropriation without compensation

The business rights watchdog AfriBusiness will, together with various organisations, hold a summit on Tuesday, 6 March 2018, about expropriation without compensation. This follows after the EFF’s motion for amending the Constitution with regard to the expropriation of land without compensation succeeded in Parliament yesterday. Organisations that already confirmed their attendance to the summit, include AfriBusiness, AfriForum, AgriSA, the FW de Klerk Foundation, the Institute for Race Relations, Solidarity, TLU SA and the Free Market Foundation.

Piet le Roux, CEO of AfriBusiness, says it is of utmost importance that civil society take urgent steps to protect property rights. “The goal of this conference is to discuss the various organisations’ interpretation of the EFF and ANC’s motion, the political developments, and the way forward. We direct an open invitation to any organisation that values the protection of property rights in South Africa to join us at the summit.”

“The ANC’s acceptance of the concept of expropriation without compensation has brought about a new political landscape in South Africa: one where the radical Julius Malema and his EFF’s preposterous policy has suddenly become mainstream. Although there is reason to believe that President Cyril Ramaphosa wants to soften the impact thereof, it is unfortunately a reality that his caution is no guarantee for stability. The contempt for property rights that is now being tolerated and fuelled, is creating the wrong impression with voters, and lays the foundation for a new, more radical political phase in South Africa. This must be opposed,” Le Roux continues.

Invitations were also made to the four parties who yesterday opposed the motion in Parliament, namely the ACDP, COPE, DA and FF+. Several other organisations’ reaction is also being waited upon.

  • AfriBusiness is an independent business organisation that acts on behalf of the protection of property rights, the free market, and in the interest of a prosperous economy. AfriBusiness opened its doors in 2011 and currently has more than 12 000 members.

Organisations and the media who want to attend the summit, can contact AfriBusiness.