South Africa's New Leader Aims to Seize White Owned Land Without CompensationChris Menahan
Dec. 22, 2017
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Cyril Ramaphosa, the new president of South Africa's ruling ANC, wants to seize land from white South Africans without compensation as part of a policy of "radical economic transformation."
One might call it a "fundamental transformation."
South Africa's Cyril Ramaphosa, the new leader of the governing party ANC, said on Thursday he aims to stamp out corruption and pursue a policy of "radical economic transformation" that will speed up expropriation of land without compensation.
Any move by the government to take land without compensation would bring a comparison to neighboring Zimbabwe, which launched a seizure of white-owned commercial farms in 2000.Nothing says "fighting corruption" like starting your presidency with land seizures and bank nationalizations. After all, it worked out great in Zimbabwe.
More from Reuters:
On the land issue, Godongwana said some of the delegates became “rowdy” during the heated debate that “nearly collapsed the conference”. ANC officials rejected reports that delegates had come to blows during the debate.This sounds like something out of George Orwell's "Politics and the English Language":
It's nothing more than communist-speak to justify theft.
Asked how the markets would react, Godongwana said: “My suspicion is they are going to say ‘wow’ and react badly ... my sense is, if I was the markets, I would simply hold off.”Note: not a single "expert" was named.
However, some economists and farming groups have said the reform could hit investment and production.Minus the land seizures and the genocide of white farmers, this is totally different than Zimbabwe.
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