South African Government Moving to Seize White Farmers Land 

South African Government Moving to Seize White Farmers Land 

South African Government Moving to Seize White Farmers Land

Socialist President Cyril Ramaphosa, with a high net worth of $550,000, to see “the return of the land to the people from whom it was taken … to heal the divisions of the past.”

South African government has started the controversial process of seizing farms owned by White people after talks with the owners to buy the properties collapsed, according to a report in a local newspaper

The South African ruling African National Congress (ANC) announced in late July it would push ahead with plans to amend the nation’s Constitution to allow for the expropriation of land without compensation following a promise by President Cyril Ramaphosa to see “the return of the land to the people from whom it was taken … to heal the divisions of the past.”

“The expropriation of land without compensation is envisaged as one of the measures that we will use to accelerate redistribution of land to Black South Africans,” President Ramaphosa said in February.

He went on to promise, “We will handle it in a way that is not going to damage our economy.”

The proposal was 1st adopted in December by the ANC.

2 game farmers in Limpopo province are being targeted for seizure after the owners would not agree to 10% of their asking price. The owners obtained an injunction to hold off eviction until a court had ruled on the case, but the application was opposed by the Department of Rural Development and Land Affairs.

The ANC in May said the seizures would “test the argument” that land redistribution without compensation is permitted under current laws, which it has previously stated is allowable if “in the public interest.”

Again, President Ramaphosa declared, “The expropriation of land without compensation is envisaged as one of the measures that we will use to accelerate redistribution of land to black South Africans,

Stay tuned…

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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