InvestorsHub Logo
Followers 20
Posts 7168
Boards Moderated 0
Alias Born 03/02/2013

Re: None

Thursday, 05/26/2016 6:50:33 PM

Thursday, May 26, 2016 6:50:33 PM

Post# of 540

South Africa's parliament has approved a bill allowing the government to expropriate land in the public interest.

The measure will allow the compulsory purchase of land to place more in black ownership.

Most of South Africa's land remains in white ownership two decades after the end of apartheid.

The governing ANC party said the law would tackle injustices imposed by white-minority rule.

However, the opposition Democratic Alliance opposed the bill.

BBC South Africa correspondent Milton Nkosi says land is an emotive issue 22 years after the end of apartheid.

President Jacob Zuma must now sign the bill into law, a move that could take weeks or months.



http://www.bbc.com/news/world-africa-36381572
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent SBSW News