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South Africa's ANC Resolves to Change Constitution on Land

  • Changes to advance economic development, farming output: ANC
  • Lawmakers started process to change constitution in February
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Photographer: Waldo Swiegers/Bloomberg
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South Africa’s ruling party decided to complete a proposed amendment to the nation’s constitution to make it clearer under what conditions land can be expropriated without compensation, prompting the rand to weaken.

This brings the African National Congress closer to the populist Economic Freedom Fighters party, after the ANC said earlier that land redistribution will only be done in a manner that doesn’t harm the economy, agricultural production or food security. In May, the party said the government should test the nation’s current laws on land because it may not be necessary to change the constitution to ensure expropriation without payment.