South Africa’s economic growth prospects will be limited by weak business confidence while uncertainty around land and mining reforms remain a concern for investors, ratings agency Moody’s in research report on Tuesday.
The land reform will be achieved continues to limit near-term investment,” said Moody’s analyst and senior credit officer Lucie Villa.
“It could ultimately lead to a more pronounced fall in investment should the final terms of land reform be particularly onerous to businesses.”
Meanwhile expectations are high as the first public hearings into a possible review of section 25 of the Constitution start in Springbok in the Northern Cape.
The Constitutional Review Committee is today in the province to give the public an opportunity to have their voices heard on the proposal for the state to expropriate land without compensation.
Scores of residents of Namaqualand have already filled the Concordia Hall to give their views to the Joint Constitutional Review Committee.
Residents already have their minds made up.
