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Old 02.03.2018, 11:45
LuganoPirate LuganoPirate is offline
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Re: Is S. Africa planning to follow Zimbabwe and destroy its economy?

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Seems like a great way to stop all foreign investment in SA if the Govt. can simply take away the land that is the foundation for your investment, factory, shop, bank or whatever.
You're right, which is why it won't happen. Cyril is first and foremost a businessman, worth in excess of R.20 billion and he will want to protect that. He also wants to boost investment into SA and wants to create Free Trade Zones which needs bank support. The banks are heavily into giving loans to farms so will resist this strongly and many top ANC officials sit on the boards of banks.

The review is August and that will take 3 months at least. We then head into the election period and that is key.

The ANC are losing support and hope this will please the mainly poor black electorate. Once the elections are over it will be pushed into the long grass. Also, they need a two thirds majority to change the constitution. They do not have this, though if the EFF support them they will have the necessary votes though with the DA increasing its share and the ANC losing theirs, it remains to be seen.

Personally I think some deal will be done along the basis the land has been improved thus allowing some compensation to be paid - if it happens at all!
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