ANC targets central bank, land expropriation

JOHANNESBURG — South Africa’s ruling African National Congress has adopted a resolution calling for the nationalisation of the central bank and land expropriation without compensation, a senior party official said on Wednesday.
Reuters

Any mention of nationalisation in South Africa is enough to spook investors, since left-wing elements of the ANC have also called for mines and banks to be State-owned.

Similarly, land has remained an emotive issue two decades after the end of apartheid, and the ANC has been under pressure to redress racial disparities in land ownership.

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