President Cyril Ramaphosa has assured Moody’s Investor Services that land reform will take place within a clear legal framework.

Ramaphosa met with the rating agency for the first time on Wednesday.

He spoke about various initiatives to attract investment and accelerate job creation.

He told Moody’s that government will ensure that the proposed expropriation of land without compensation does not negatively affect economic growth and agricultural production.

Fresh consultations on the Mining Charter and the recent cabinet reshuffle are some of the initiatives that Ramaphosa advanced to rating agency in an effort to demonstrate the country’s commitment to deal with its on-going challenges.

The rating agency met with Finance Minister Nhlanhla Nene on Monday.

Moody’s is due to announce its latest outlook on South Africa on March 23.