Thursday 2 August 2018

South Africa's new land war is economic insanity.

South African President Cyril Ramaphosa addresses a
media conference at the end of the BRICS Summit in
Johannesburg, South Africa, on July 27, 2018.
(AP Photo/Themba Hadebe, Pool)

South African President Cyril Ramaphosa on Tuesday nuked the prospect of significant improvements to his nation's struggling economy.

He did this by confirming that his ruling African National Congress party would, "through the parliamentary process, finalize the proposed amendment to the constitution that outlines more clearly the conditions under which expropriation of land without compensation can be effected."

This means that the South African government will be able to seize farms and other large land tracts without paying their owners. The expropriation of white-held land is a populist interest for many in the ANC, but it's also a longstanding demand of the Marxist Economic Freedom Fighters party, which uses the issue to siphon off support from the ANC's left.


By Tom Rogan.
Full story at Washington Examiner.



No comments:

Post a Comment