Mofra
Moderator
- Dec 6, 2005
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http://www.news.com.au/finance/econ...n/news-story/a8a81155995b1adc1c399d3576c4c0bc
We've seen this happen in recent history - in Zimbabwe, which quickly became an economic basket-case as the land-owning knowledge quickly evaporated and crop yields diminished sharply.
I'd suggest the chances of the same thing playing out in SA are high, especially considering many white SA farmers are leaving the land as it remains one of the deadliest occupations in the world.
Another example of ideology trumping reality.
SOUTH Africa’s parliament has voted in favour of a motion that will begin the process of amending the country’s Constitution to allow for the confiscation of white-owned land without compensation.
The motion was brought by Julius Malema, leader of the radical Marxist opposition party the Economic Freedom Fighters, and passed overwhelmingly by 241 votes to 83 against. The only parties who did not support the motion were the Democratic Alliance, Freedom Front Plus, Cope and the African Christian Democratic Party.
It was amended but supported by the ruling African National Congress and new president Cyril Ramaphosa, who made land expropriation a key pillar of his policy platform after taking over from ousted PM Jacob Zuma earlier this month.
“The time for reconciliation is over. Now is the time for justice,” Mr Malema was quoted by News24 as telling parliament. “We must ensure that we restore the dignity of our people without compensating the criminals who stole our land.”
According to Bloomberg, a 2017 government audit found white people owned 72 per cent of farmland in South Africa.
We've seen this happen in recent history - in Zimbabwe, which quickly became an economic basket-case as the land-owning knowledge quickly evaporated and crop yields diminished sharply.
I'd suggest the chances of the same thing playing out in SA are high, especially considering many white SA farmers are leaving the land as it remains one of the deadliest occupations in the world.
Another example of ideology trumping reality.