US Secretary of State Mike Pompeo has warned that the South African government’s plan to expropriate land without compensation will be “disastrous” for the economy and the nation.
Mr Pompeo made the comments in Ethiopia, the final leg of his visit to Africa, which also saw him going to Angola and Senegal.
“South Africa is debating an amendment to permit the expropriation of private property without compensation.
That would be disastrous for that economy, and most importantly for the South African people,” he was quoted by Bloomberg news agency as saying.
African economies needed “strong rule of law, respect for property rights [and] regulation that encourages investment”, he added.
South Africa’s President Cyril Ramaphosa has vowed to press ahead with amending the constitution to allow land expropriation without compensation in order to tackle the “historical injustice” caused by the white-minority rule.
Source:Fiilafmonline/BBC
