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Friday, July 07, 2017

Zimbabwe 2.0: South Africa President Proposes Land "Expropriation Without Compensation"

With every passing day the formerly booming nation of South Africa is getting ever closer to the formerly banana republic of Zimbabwe.

On Wednesday, South Africa's ruling African National Congress proposed at its 5th annual national policy conference that in addition to potentially nationalizing the country's central bank, that land expropriation without compensation should be allowed where it is "necessary and unavoidable," President Jacob Zuma said.

There was a hard push from supporters of President Jacob Zuma for a decision on the redistribution of land without compensation‚ which would necessitate a change to the constitution. But as the Sunday Times reported, according to the ANC’s economic transformation subcommittee head‚ Enoch Godongwana‚ both this proposal and the current system of redistribution with compensation remain on the table for debate by branches. Zuma‚ however‚ hinted in his closing address that there could be legislative changes for expropriation without compensation.

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