So what about this? (I know it's RT and I hate it.)
The key word is 'allow' - whether anything will actually come of this isn't certain and if anything does it may not have been intended. Because of his business interests and... erm..
actions... Ramaphosa is vulnerable to attacks from a radical direction in a way that Zuma (for instance) wasn't - his cabinet has already been criticised by elements on the ANC Left and its youth wing for being too conservative and too business friendly etc - and he seems to have calculated that backing an EFF motion on the land issue is a way of negating the threat they pose to the ANC in its strongholds. If the issue gains serious momentum then he will have miscalculated (the very last thing he wants is to spook investors, to cause capital flight etc), but we shall see.
Basically politics in South Africa is extremely ugly and entirely racialised, but given its history that has to be seen as inevitable. The political settlement reached in the 90s is best seen as an attempt to regulate that and has done a decent job of keeping the peace so far. The problem is that as it has been rather less effective at spreading the benefits of economic growth to the townships, which over the long run risks weakening the stability of that settlement - Malema is a more marginal figure than usually presented in the foreign media, but that doesn't mean that he (and more importantly what he represents) is not seen as a threat.