The Consequences Of Land Expropriation In South Africa

Land Expropriation in South Africa
Land expropriation refers to the state (both provincial and national government) that requires and reforms land to the benefit of the public, which in South Africa’s case is the government’s method of providing the homeless and landless with appropriate land. The threat to the South African economy however is that President Cyril Ramaphosa has promised land to poor black citizens without compensation.
According to the current property clause, land may be expropriated without compensation if the reasons are just and equitable. Land that can be reformed includes farmland, residential properties and other assets such as bonds, stocks and intellectual property. On the 16th and 27th of February this year, the majority of parliament members voted to review and amend section 25 of the Constitution, which allows the state to expropriate white owned land without boundaries.
The EFF has stated that only commercial farmlands will be expropriated and have invited themselves onto private properties, evicted farmers without notice, vandalised property and marked sections of land off and demand remuneration for it. President Ramaphosa stated in the SONA that they were considering consequences of the route Zimbabwe experienced due to a similar reform policy under the rule of former president Robert Mugabe that cost the country millions of dollars and caused their economy to plummet.
The agricultural sector makes up a total of 86% of the country’s credit