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Mining in Africa: what are the consequences of the ANC's policy on expropriation without compensation for the mining sector?

4 Feb 2019 - 09:45

Dr. Aninka Claassens was recently invited to form part of a panel discussion hosted by Peter Leon (Partner, Herbert Smith Freehills) and Simiso Velempini (Director, K2 Intelligence) as part of their annual thought leadership event in Cape Town on the 5th of February 2019.

This side-event is co-hosted at The Mount Nelson Hotel in Cape Town every year during the week of the Mining Indaba and this year over a hundred people who hold high level positions in governments, mining companies, banks and corporates, attended. 

This year the session was titled "Mining in Africa: what are the consequences of the ANC’s policy on expropriation without compensation for the mining sector?" The expert panel discussed the implications of the African National Congress’ policy on expropriation without compensation for the mining sector, following the Parliamentary Joint Constitutional Review Committee’s decision to formally recommend an amendment to Section 25 of the Constitution to allow for the expropriation of land without compensation. With policy uncertainty improving in the last year, navigating the implications of the land reform process will present the next challenge to the country’s mining sector.

The panel also included Tembeka Ngukaitobi and Peter Leon, moderated by Simiso Velempini.