AGRICULTURE NEWS - President Cyril Ramaphosa’s second State of the Nation Address (SONA) of the year in Parliament on Thursday has been met with some scepticism, with many analysts saying the address was big on dreams, but lacked the necessary detail on how he plans to fix the challenges facing South Africa.
DA leader Mmusi Maimane described Ramaphosa’s speech as “more recycled rhetoric and lacking plans to bring about the urgent change needed.” Freedom Front Plus leader Pieter Groenewald concurred.
“Regrettably, what will be done to save South Africa’s economy remains unclear. On top of that, any plans that are put forward will be of very little to no value as long as the dark cloud of the expropriation [without compensation] of property still looms over the economy.”
According to Louis Meintjes, TAU SA president, the plan to continue with expropriation without compensation was one of the most negative statements of the entire address.
“We hoped that the President would have confirmed that private ownership would be recognised and that expropriation without compensation would not take place. It would have sent out a positive message.”
He added that the threat of expropriation without compensation would continue to undermine investor confidence in South Africa.
Read the full article here on the Caxton publication, Farmer's Weekly.
