‘THIS IS NO LAND GRAB’: SOUTH AFRICAN PRESIDENT DEFENDS PROPERTY SEIZURE PLANS | WHAT REALLY HAPPENED


‘THIS IS NO LAND GRAB’: SOUTH AFRICAN PRESIDENT DEFENDS PROPERTY SEIZURE PLANS

South African President Cyril Ramaphosa has defended land reform plans that include property expropriation days after the US President Donald Trump questioned the policy.

“This is no land grab. Nor is it an assault on the private ownership of property,” Ramaphosa wrote in his column for the Financial Times. “The proposals will not erode property rights, but will instead ensure that the rights of all South Africans, and not just those who currently own land, are strengthened.”

The ruling African National Congress (ANC) party has proposed a constitutional amendment allowing the government to seize and redistribute land without any compensation to its owners. The draft, which has not been adopted so far, evoked widespread international outrage and multiple media reports of alleged violence against South African white farmers, including murders.

“The proposal on expropriation without compensation is one element of a broader program of land reform that seeks to ensure that all citizens can have their land rights recognized, whether they live in communal areas, informal settlements or on commercial farms,” the South African President stressed.

Webmaster's Commentary: 

Sorry, South African President Cyril Ramaphosa, this proposal doesn't pass the duck test.

IF the policy looks like expropriation without compensation, offers only expropriation without compensation, and can only result in expropriation without compensation, it is, by logic and definition, sir, expropriation without compensation for South African farmers, period, end of discussion.

Ownership of farm land, without having the fundamentals of knowing how to work it, to produce excellent crops on a consistent basis, is a recipe for utter disaster here, as has happened with Zimbabwe.

So look for massive immigration of farmers who can get out, and can find a place to land, (perhaps Russia, because of their agricultural skills) ; the collapse of South African banks, because many of these farms are deep in debt, and the collapse of its agricultural capabilities, to the point of South Africa needing to import a large proportion of the food they need.

The Rand may also well experience an horrific downturn because of this as well.

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