The real purpose of the EWC and Expropriation Bills - Biznews
15 April 2021 - Last week the Ad Hoc Committee responsible for drafting an expropriation-without- compensation (EWC) constitutional amendment bill (the EWC Bill) invited three ministers, including minister of mineral resources and energy Gwede Mantashe, to put forward their comments on its draft to date.
The thought of land expropriation without compensation is keeping many South Africans awake at night. Myriad experts have warned against the dangers of land expropriation, with the fear of international disinvestment being a possibility. Not only will it discourage much needed investment into South Africa and stall the economy, but it has many South Africans worried about what will happen to their homes and other assets. In an earlier interview with BizNews, financial expert Dawn Ridler explained why going forward with this will severely effect the economy. “Land or property ownership – or the rights attached to property ownership – is very valued, in capitalist societies particularly. I just worry that we’re shooting ourselves in the foot.” Below, Anthea Jeffery outlines the real purpose behind EWC and the Expropriation Bill. – Jarryd Neves