JOHANNESBURG - AfriBusiness on Wednesday said it "will not accept expropriation without compensation, no matter if it is driven by the African National Congress (ANC) or the Economic Freedom Fighters (EFF)".
On Tuesday Parliament voted in favour of the EFF's motion expropriation of land without compensation after the ANC tabled amendments which said such a move must be done in a way that ensures food security, economic growth and radical economic transformation.
The Constitutional Review Committee of Parliament has been tasked with looking at the relevant sections of the constitution and report back to Parliament at the end of August.
However, AfriBusiness - the business rights association - said: "Landowners should consider the term of President Cyril Ramaphosa as a window period for the hedging of their assets, even if any expropriation without compensation is unlikely to be implemented immediately."
AfriBusiness CEO Piet le Roux says Ramaphosa's comments in the House of Traditional Leaders and the EFF's motion for expropriation without compensation in parliament were unfortunately not the last on the matter.