Home » Communism » South Africa: Private Property Rights to end in July 2008


South Africa: Private Property Rights to end in July 2008


March 30 2008. Rapport newspaper writes today that from July 2008, all SA private property can be expropriated by ANC-regime after July 2008, when the new Expropriations Act goes into effect.

Any private property – not only land used for agriculture — can be appropriated by the South African state ‘s ministry of public works. Effectively, this marks the end of capitalist-style private property rights in South Africa.

And all private-property owners will just have to accept any price offered to them by the government under this new law unless they are willing to engage in expensive law-suits to get the market-related price for their properties.

Effectively, this new law thus effectively ends all private-ownership rights in South Africa.
It includes ALL properties countrywide: if the ministry of internal affairs wants land for housing ‘previously disadvantaged residents, they can and undoubtedly will expropriate land owned by churches, banks, individual home-owners or commercial businesses.

Already the country has no agricultural land left in the legal sense — since all agricultural land now falls under the jurisdiction of municipal boundaries countrywide. In 1994 when SA still exported agricultural products on a massive scale, it had 85,000 farmers using less than 7% of the total land surface. At the moment, less than 10,000 commercial farmers remain, raising crops on less than 0.75% of the total land surface. The country is now facing serious food shortages for the first time in its entire recorded agricultural history since the mid-1600′s.
Source:

VN:F [1.9.17_1161]
Rating: 0.0/5 (0 votes cast)

Related posts:

  • No Related Post
Did you like this information? Then please consider making a donation or subscribing to our Newsletter.

Leave a comment


:) :-D :roll: :( :oops: :cry: :-o :-x more »

Copyright © 2009 The European Union Times – Breaking News, Latest News. All rights reserved.
PostsComments