The Democratic Alliance (DA) notes tonight’s reckless and irresponsible announcement by President Cyril Ramaphosa that the ANC has resolved to expropriate land without compensation and will amend the Constitution to give effect to such.
It is quite remarkable that on a day that has seen unemployment rise again to levels of a humanitarian crisis – the highest in 15 years – the ANC has decided to ramp up its efforts to undermine economic growth and job creation and play Russian roulette with the economic future of SA. This move will only serve to fuel the jobs crisis it has single-handedly created.
Successful land reform doesn’t require amending the Constitution. It requires government action. It requires eradicating corruption. And it requires economic certainty. The ANC – and President Ramaphosa – have failed in this and have failed the people of South Africa.
In countries where such reckless and populist policies have been implemented, their economies have suffered, and unemployment and poverty has skyrocketed. It appears the ANC is desperate to follow suit, and see our economy face another credit rating downgrade.
We will oppose this move in Parliament with all our might. We support land reform that makes South Africans owners and participants in a growing, thriving economy. We will never support a land policy that takes economic power away from South Africans and hands it to a corrupt government.
Our demand is for change that accelerates land reform, by ensuring more South Africans are owners of property as individuals. This is how the nation will prosper and how jobs will be created.
This ANC government is not capable of managing the real problems South Africa faces. Nor is its able to build a modern, successful and competitive economy that creates jobs. Instead it has resorted to failed policies that belong in dictatorships of failed states.
A true “stimulus package” ought to include actual reform that sees cuts to the bloated cabinet, and governance and structure reforms to State Owned Entities (SOEs).
Tonight’s announcement by the President confirms that no matter who leads it, the ANC is the same old party. The party has run out of ideas and continues to put itself first and the South African people last.