South Africa’s President Alarms Investors with Land Grab Proposal

President Cyril Ramaphosa. Photo Credit: Kremlin.ru

(From CNBC)

[South African President Cyril] Ramaphosa said Tuesday that the ruling African National Congress (ANC) party is to put through parliament an amendment to the South African constitution that would permit the seizing of land without [ payment].

Ramaphosa said Tuesday that the ruling African National Congress (ANC) party is to put through parliament an amendment to the South African constitution that would permit the seizing of land without expropriation.

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