Property owners call for land reform without losing economic stability

CAPE TOWN- The historical of land ownership in South Africa needs to be addressed but South African Property Owners Association (SAPOA) on Thursday said there needs to be a balance that will deal with economic stability of the country.

SAPOA CEO Neil Gopal said in a statement, “SAPOA supports a land expropriation process where the rights of present and future landowners are balanced, with the need to ensure stability and economic growth,”

“Key challenges facing SA are extremely high levels of unemployment, structural poverty and inequality, and the question we need to address is how we resolve these critical issues through the process of land reform,”

“There is no doubt that we need to urgently reverse the racial inequalities in land resulting from our colonial past and the violent dispossession of indigenous people off their land. But we need more clarity and debate on the factors responsible for the slow pace of land reform, and we welcome engagement with The Constitutional Review Committee on these matters,” Gopal said.

“This is a recipe for instability. The guarantee of private ownership to ensure investment, in tandem with addressing the ills of the past, is fundamental to a stable democracy,” said Gopal.

“South Africa must be a nation that recognises a need for land reform and that accepts that such must be done being cognisant of property rights and a need for a thriving and competitive economy.”

Photo Credit- businessdayonline.com

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