SA should spell out land reform plans, says IMF

The International Monetary Fund (IMF) said that the South African government should clearly articulate its land reform plans in order to lift uncertainty weighing on investor sentiment.

The ANC has said it plans to re- distribute land without compensation to address racial inequalities that persist more than two decades after the end of apartheid.

Government critics have expressed concern that those plans could infringe on property rights.

The IMF, which recently completed a mission to South Africa, added in its statement yesterday that the government’s stated priorities of strengthening governance and promoting employment presented an opportunity to accelerate economic growth momentum.

The IMF currently forecasts that the South African economy will grow 1.5% this year. – Reuters