New RSA president to accelerate land redistribution without compensation program

[rinehart0050]

Concerning...

https://www.rt.com/business/419543-south-africa-land-compensation-whites/amp/

 

[CAustin]

Shocking news! Or is it!

 

[KAROO WILD Safaris]

Ramaphosa’s full statement on the land issue is that they would expropriate land without compensation only where it led to increased agricultural production and increased food security.

As a starting point they would have to amend the constitution, which he co- authored, by attaining a 66 percent majority in parliament. Something the ANC hasn’t been able to achieve before on any of there proposed constitutional changes.

No doubt they intend to expropriate land where it’s not productively used. Plenty of failed government agricultural projects to begin with as a starting point.

This new policy has hardly received as much media coverage as expected. Everyone knows the land issue will always be a political tool and Ramaphosa is playing to those in favor of it in his own party. However by saying it has to lead to increased agricultural production, he’s paying it lip service. And setting the bar very high.

The general feeling amongst our local farming community is overwhelmingly positive.

 

[BRICKBURN]

Nothing like a caveat to change the actual result.

 

[Shootist43]

I'd like to see some posts by Outfitters that have their operations in South Africa giving us their thoughts on possible and or expected effects of this declaration. Politicians often "speak" to their "bases" knowing full well that little or nothing will change.

 

[jacques smith]

It’s crap like this that has kept me from buying property there. I hope it’s all smoke and mirrors. Sad that u get rid of one idiot to be replaced by another

 

[KMG Hunting Safaris]

All I can say is that I really thought most would have learnt not to trust the media, especially after your last elections. Enough said.

 

[KAROO WILD Safaris]

Given our circumstances and demographics, I don’t think we could have wished for a better president. A couple of years ago most gave SA no hope predicting R20/ USD. It’s now R11.50/ USD a reflection of the confidence investors have in our new president. He’s no idiot, I assure you.

 

[jacques smith]

Excellent, I wish nothing but the best and yup I’ve watched the rand climb. Howdy mo mo[emoji56][emoji56]

 

[rinehart0050]

Glad to hear it's not as bad as it seems and that there is room for optimism.

RT is always a reliable news source... right