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  I am sure investors will be only too happy to put their money into SA now - after all, the possibility of having your assets confiscated by the state (and being paid a token amount for them) is someth...  

Parliament passes land expropriation bill

Bill will scrap willing buyer, willing seller approach

South Africa’s main house of parliament took a first step on Tuesday towards enabling the state to make compulsory purchases of land to redress racial disparities in land ownership.

Land is an emotive issue in South Africa, where most of it remains in white hands 22 years after the end of apartheid and many commercial and small-scale farmers are currently facing tough times because of the worst drought in at least a century.

The main house of parliament passed a bill that will enable the state to pay for land at a value determined by a government adjudicator and then expropriate it for the “public interest.”

The bill, which still needs to be passed by South Africa’s other house of parliament and signed into law by President Jacob Zuma, effectively scraps the willing-buyer, willing-seller approach to land reform.

But it does not signal the kind of often violent land grabs that took place in neighbouring Zimbabwe, where white-owned farms were seized by the government for redistribution to landless blacks.

The ruling African National Congress (ANC) said the bill, criticised by opposition parties and farming groups, “will intensify the land reform programme and bring about equitable access to South Africa’s land, natural resources and food security.”

Experts have estimated that about 8 million hectares (20 million acres) have been transferred to black owners since apartheid, equal to 8 to 10 percent of the land in white hands in 1994. 

The total is only a third of the 30 percent targeted by the ANC under its “willing buyer-willing seller” scheme and a parallel process of “land claims” by individuals or communities dispossessed under white rule.

Uner the new legislation, the state can acquire land without the owners’ consent by paying an amount determined by the office of the Valuer-General. Owners can also challenge the compensation offered in the court. 




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I expect that the ANC realise that the moment they loose power at the next general election, all these unpopular bills will be repealed.

And yes, they will loose power, even if it means coalitions being formed by all other parties to boot them out. 🙂

Legalized land grab. That is all this is. So our title deeds are worth nothing. Are we really going to clog up the already jammed legal system fighting for fair market price like we did in the 80’s when the government was buying farms for homelands. Great farms that are now smashed.
maybe we should sell, as a lot of farmers have done, then let the emerging farmer find out how tough it is, then hire back for peanuts. It is happening already.

Did they really say bring about food security? 95% of all the working farms the state has purchased in terms of land claims are now, as this article is published, no longer productive or operational. Our active farming community has halved from 60 000 to 30 000 farmers and continues to be obliterated with fresh land claims or farm murders with no real concern from SAPS. South Africa used to be net exporters of staple foods now we have become a net importer. With the mismanagement of our economy and SA close to junk bond status coupled with the current currency levels, the people that are most effected by the strangling of our productive farming capacity are the poor. If we peer over the border at the mess of what was once considered the breadbasket of Africa, Zimbabwe, we can clearly see the effects of this draconian approach to land reform. This is starting to feel like an agricultural scorched earth policy approach, but hey why would the ANC caucus concern themselves with the aftermath of this policy. Their pockets are so well lined with proceeds of their strugglenomics wins, that they and their families will not have to concern themselves with the repercussions long after they have been unseated. It is the people they claim to represent that will suffer. Planet Zuma and his Gupta like entourage are alive and well!!!

When a government reverts to legalized plunder, you know they are at the “last stand saloon”. When they run out of plans and excuses, they bribe the voters with other peoples property.
This bill is the backup plan for when (not if) the ANC loses the majority vote.

The real stupidity of this bill is that in the end it is pension funds, and especially government employees pension funds, that will pay the price for expropriation of land.
Land serves as collateral for bank loans and the pension funds own the banks. It is like a ponzi-scheme really, government robs government employees in order to bribe voters, of which many are government employees.

I am sure investors will be only too happy to put their money into SA now – after all, the possibility of having your assets confiscated by the state (and being paid a token amount for them) is something every investor looks for.

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