No need to panic over land reform issue

Land reform has sent shivers down the spines of many homeowners or those looking to buy property for sale in Newcastle, but experts in the industry are warning the public not to listen to unfounded noise being made on social media and other outlets. At the start, the discussion around the issue caused a lot of concern and tension, but since then President Ramaphosa has worked to ensure that clarity is provided to all South Africans as well as global leaders. During these discussions, the president pointed out that there would not be wide-scale land grabs during the process, and was adamant that property rights will be protected. Added to this, nationalisation was dismissed and he also confirmed that illegal land grabbing will not be tolerated at all. Discussions have taken place with agricultural bodies, stakeholders and even Theresa May, the UK Prime Minister, during his trip to China. During all of these meetings, clarity was provided and the president said that they had taken note of problems that arose in other countries, such as Zimbabwe, where he stated that South Africa would not repeat the same mistakes. Great care and planning will go into the process to ensure that the economy is not on the losing side, and that property rights are, in fact, strengthened. According to experts, such as Stuart Manning, the CEO of the Seeff Group, South Africans shouldn’t fear investing in property. At no point has there been an indication that residential property will be affected. President Ramaphosa is actually on record as having stated that the aim is to unlock economic potential, and he is looking at the likes of derelict buildings as well as unused land, or land held purely for speculative reasons.