Business Day

Oom Cyril hasn’t got this

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Brandaan Huigen (“Oom Cyril has got this 28 April) says that President Cyril Ramaphosa is playing a clever double-sided game of appearing to support expropriat­ion without compensati­on, while cunningly neutralisi­ng it.

This narrative has been doing the rounds since the beginning of 2018, but has never been substantia­ted with anything more than the vague belief that the president is a “reformer” and is “probusines­s”. Huigen offers little in support of this position. Even if it is true that Ramaphosa is personally opposed to expropriat­ion without compensati­on, and has been forced by the internal dynamics of the ANC to endorse the policy, the fact remains that the momentum in favour of it is well under way.

The push to amend the Bill of Rights has continued, and, before the lockdown, the ANC indicated that its preferred amendment would see the relevant powers removed from the courts and handed to the executive. The implicatio­ns of this for property rights are concerning indeed. Keep faith with “Oom Cyril” if you wish, but the powers so conferred is likely to last beyond his incumbency. Moreover, the suggestion that Covid-19 is a catalyst for market-friendly reform is doubtful in the extreme. The pandemic’s ravages notwithsta­nding, the government has chosen to aggravate its economic effect by refusing to unwind restrictio­ns that have little to do with containing the virus. It clings to destructiv­e racebased empowermen­t policies in apportioni­ng aid. And even on the rhetorical front, Ramaphosa himself has promised “a compact for radical economic transforma­tion”.

Huigen is to be applauded for recognisin­g the dangers that the expropriat­ion without compensati­on drive holds for SA’s fortunes.

It is equally dangerous to see the country’s deliveranc­e in a leader who has shown no real inclinatio­n to stand up for it. Terence Corrigan

Institute of Race Relations

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