Friday, 20 July 2018

DARN Report: Is South Africa's Future Expropriated?

The following is a report of the talk given by Mr. Corrigan for DARN at the University of Dundee.
Swiftly building on the resounding success of the last talk in March 2018 on Cranofacial Research in Africa, and in line with the core ideals of DARN, Terence Corrigan delivered a pulsating talk on the current developments in land distribution issues in South Africa, on Thursday 12thJuly 2018.  Mr Corrigan is a Project Manager in the South African Institute of Race Relations. He is also a Research Fellow at the South African Institute of International Affairs.
In December 2017, the South African Parliament instituted a new policy - Expropriation Without Compensation (EWC) - to govern the distribution of land in South Africa. “Is South Africa’s Future Expropriated” sought to unpack the key issues and highlight the economic and socio-political implications of this policy in South Africa.
The speaker highlighted the progress of land reform in South Africa as slow, disappointing and characterised by unsuitable project designs, budgetary lethargy and post-settlement support. However, the policy of EWC, which is couched in the language of land reform, is a contextualized and realistic land reform policy grounded on rigorous research taking cognisance of the economic realities in South Africa. It was particularly interesting that no useful details have been offered by the policy makers on the potential of EWC to expedite land reforms. This is especially so considering the uncertainty surrounding EWC to create an atmosphere of insecurity for local and foreign businesses at a time when South Africa’s unemployment rate recently reached record highs. With these developments highlighted by talk, the future of land reform inSouth Africa is definitely one to look forward to.
The issues addressed in the talk, coupled with the positive feedback from attendees from varied academic and professional backgrounds, culminated in a rich discussion that will be remembered for a long time to come. Networking opportunities were impressively exploited, as it is one of the foundational goals of DARN. It is our hope that such opportunities for networking will continue to be keyed into. We heartily appreciate Terence Corrigan for giving this timely talk, and we hope this is one of many to come.
Urenmisan Afinotan
DARN Co-convener




Monday, 9 July 2018

Upcoming DARN talk: Is South Africa’s Future Expropriated?

Is South Africa’s Future Expropriated? 

DARN is proud to present its latest event on the 12th of July 2018. This time, our honorable guest is Terence Corrigan from South Africa's reputable Institute of Race Relations. His talk will center around the topic "Is South Africa's Future Expropriated?". Everyone is cordially invited to attend and join in on the discussion.

South Africa is facing a crossroads. Cyril Ramaphosa, a widely respected figure who participated in drafting the South African Constitution, has breathed new optimism into the national mood. His credentials as a trade unionist, negotiator, politician and businessman have convinced many that the country is in the hands of a leader who understands the needs of the population and business. However, deep structural problems continue to afflict the country and it is not certain whether South Africa will – or is in a position to – achieve the economic take-off that the country so desperately needs. 

Indeed, it is by no means clear that South Africa will not choose to move in another direction altogether. In recent months, South Africa’s ruling party has declared its intention to introduce a policy of expropriation without compensation. This has unsettled and confused investors as well as business people generally. While phrased as ‘land reform’, its impact stands to be considerably greater. What land reform signifies may well have been misunderstood. 

The Institute of Race Relations is one of South Africa’s oldest policy analysis bodies. Since 1929, it has striven to promote non-racialism, individual and societal freedom, and prosperity through a growing economy. Our analysis is widely sought by decision makers in politics, business and civil society. We have developed a comprehensive set of scenarios for South Africa over the next decade, and would like to present our analysis of recent developments (with an emphasis on property rights and the expropriation-without-compensation debate) within that framework. This analysis is critical not only for South Africans but also for other African countries where the question of land redistribution is at the core of foreign or local investment and economic rights. 

Speaker:
Terence Corrigan is a Project Manager at the Institute of Race Relations where he specialises in work on property rights, as well as land and mining policy. A native of KwaZulu-Natal, he is a graduate of the University of KwaZulu-Natal (Pietermaritzburg). He has held various positions at the IRR, South African Institute of International Affairs, SBP (formerly the Small Business Project) and the Gauteng Legislature – as well as having taught English in Taiwan. His interests include African governance, land and agrarian issues, political culture and political thought, corporate governance, enterprise and business policy.

Date:                   12 July 2018
Time:                   1600hrs
Venue:                Dalhousie Building, 1G06