Zimbabwe II: ANC to seize land without compensation

Wascurito

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Reports are coming in from the ANC Conference in South Africa that the party plans to amend the constitution to allow for the seizure of land without compensation, similar to the disastrous policies pursued by Robert Mugabe in neighbouring Zimbabwe.

It's not clear if these policies will be pursued to quite the same extent but the announcement will, at the very least, tend to reverse the positive investor sentiment towards South Africa since the election of Cyril Ramaphosa.

LIVE: ANC 'agrees' to land expropriation without compensation
 


GDPR

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The civil war has begun just like I predicted within this year or the next.
 

The Field Marshal

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The civil war has begun just like I predicted within this year or the next.
It was only a matter of time before the legacy of the grossly over rated Mandela reached its climax.
 

Boy M5

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Reports are coming in from the ANC Conference in South Africa that the party plans to amend the constitution to allow for the seizure of land without compensation, similar to the disastrous policies pursued by Robert Mugabe in neighbouring Zimbabwe.

It's not clear if these policies will be pursued to quite the same extent but the announcement will, at the very least, tend to reverse the positive investor sentiment towards South Africa since the election of Cyril Ramaphosa.

LIVE: ANC 'agrees' to land expropriation without compensation
This is at one level unsurprising, at another very surprising.
Is this a fightback by Zuma's allies?

Also what will happen to the Gupta's land and property?
 

Boy M5

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Remind me again who it was who said that black Africans can't govern themselves? The reality is that they can't. As soon as each of the seizes power they grab as much wealth as they can for themselves and their supporters. We've all seen that they can't govern themselves, it's not skin colour it's culture. Apartheid isn't the answer, it seems that Africa is continuing to spiral down the toilet and it's time to knock foreign aid to Africa on the head, no point throwing good money after bad.
Look at our neighbouring island committing suicide with expensively educated wasps in the vanguard and worse trying to drag us into the whirlpool.

What's wrong with Africans of any colour or creed?
 

Wascurito

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This is at one level unsurprising, at another very surprising.
Is this a fightback by Zuma's allies?

Also what will happen to the Gupta's land and property?
God alone knows. This, combined with the central bank nationalization, suggests that Ramaphosa's victory was bought by promising some radically populist Zuma-esque policies.
 

Boy M5

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God alone knows. This, combined with the central bank nationalization, suggests that Ramaphosa's victory was bought by promising some radically populist Zuma-esque policies.
Reserve Bank was a state organ always?
 

Wascurito

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It was only a matter of time before the legacy of the grossly over rated Mandela reached its climax.
This isn't Mandela's fault. He was an honourable man who united the country and acted as a force for reason and calm. The gombeens and carpet-baggers tend to hijack revolutions and now that Mandela is dead, they have free rein.
 

Niall996

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Reports are coming in from the ANC Conference in South Africa that the party plans to amend the constitution to allow for the seizure of land without compensation, similar to the disastrous policies pursued by Robert Mugabe in neighbouring Zimbabwe.

It's not clear if these policies will be pursued to quite the same extent but the announcement will, at the very least, tend to reverse the positive investor sentiment towards South Africa since the election of Cyril Ramaphosa.

LIVE: ANC 'agrees' to land expropriation without compensation
Not necessarily a bad thing. Of course there can't be compensation. You don't compensate someone when you retrieve property you already own. The key thing is what they will do with the land. That needs to be carefully planned.
 

razorblade

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Yep another of the once wealthy African countries has gone down the sewer what a surprise, Zimbabwe mark 2 indeed i only hope we won't be burdened with picking up the inevitable pieces.
 

GDPR

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This isn't Mandela's fault. He was an honourable man who united the country and acted as a force for reason and calm. The gombeens and carpet-baggers tend to hijack revolutions and now that Mandela is dead, they have free rein.
There was nothing honourable about Mandela. The murder rate in his years of power is probably even lower than it is now. He was as close to pure evil as you could get in human form, I would even speculate that Bibi is less evil than that monster.
 

GDPR

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The Boer folk defeated the genocidal ambitions of the British Empire against them, what chance do the ANC have? Their forcing the issue of now is actually a blessing...Stand fast!

[video=youtube;tJrGfTQH5HY]https://www.youtube.com/watch?v=tJrGfTQH5HY[/video]
 

Wascurito

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Reserve Bank was a state organ always?
I don't know the full history but not since 1921, apparently.

"The proposal [to nationalize the central bank], made at the party’s policy conference in July, came two weeks after an instruction by the nation’s anti-graft ombudsman that the Reserve Bank’s inflation-targeting mandate be changed. While the court has scrapped this bid, the ANC proceeded with the plan to change the regulator’s ownership structure."

https://www.bloomberg.com/news/articles/2017-12-20/s-africa-anc-is-said-to-decide-central-bank-must-be-state-owned
 

Wascurito

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There was nothing honourable about Mandela. The murder rate in his years of power is probably even lower than it is now. He was as close to pure evil as you could get in human form, I would even speculate that Bibi is less evil than that monster.
Pure evil doesn't forgive its jailers and tormentors. Nelson Mandela embodied the Christian Ideal better than anyone else in the 20th century with the exception of Martin Luther King or Mahatma Gandhi.
 

Wascurito

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Not necessarily a bad thing. Of course there can't be compensation. You don't compensate someone when you retrieve property you already own. The key thing is what they will do with the land. That needs to be carefully planned.
What do you mean by the bit in bold?
 

razorblade

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Mandela's first wife Winnie was a complete loon who endorsed torture and murder through necklacing that should immediately question the character of someone who gets involved with someone like that.
 


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