re subject matter of interest to you, i understand
seems the leading economic of africa is trending a bit off
rather than short s.africa as the writer posed as question, i watch platinum, that which nature had seen fit to concentrate in south africa at 85% of global supply
constricted supply in context of eventually to fail state may create interesting dynamic, assuming platinum-hubbed fuel cell has any global future
On 3 Mar 2017, at 5:25 PM, M wrote:
This won't end well.....Or is this time "different" from the result we saw in Zimbabwe?
That resulted in massive poverty, no middle class, and a very few billionaires.
Short South Africa?
M
fin24.com
Zuma vows to fast track land expropriation without compensation
Cape Town – President Jacob Zuma said 2017 is the year of “taking land back to the people” and for this reason government will seek to change legislation to allow for land expropriation without compensation.
Zuma spoke at the launch of Operation Phakisa on Agriculture, Land Reform and Rural Development in Pretoria on Friday and said the country needs to take bold steps that will transform South Africa’s economy, including land ownership, swiftly.
“[In order] to achieve all the goals mentioned in the State of the Nation Address government is busy amending all the laws and policies to enable faster land reform, including land expropriation without compensation as provided for in the constitution,” Zuma said.
The Land Expropriation Bill was passed by Parliament in May last year – three months before the 2016 local government elections.
In its current form, the bill requires the state to exhaust efforts to purchase property on reasonable terms in the open market before being allowed to consider expropriating it.
The ANC however has in recent months hardened its stance on economic transformation, calling for deracialising over-concentrated sectors of the economy and transferring ownership from white people to the black majority among other matters. At its annual birthday celebrations, the ANC said the economy will be overhauled radically to allow for meaningful black participation.
A month later, during his State of the Nation Address, Zuma repeated calls for radical economic transformation, saying government will enforce broader economic participation through new legislation to counter economic concentration in white hands.
Zuma said on Friday South Africa must move beyond "business as usual".
“We must seek new ways of doing things which will change the economic landscape in our country and ensure that the black majority shares in the wealth. Only then can we have true reconciliation and an expanded economic cake.” |
