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Wednesday, July 5, 2017

Zimbabwe 2.0: South Africa President Proposes Land "Expropriation Without Compensation"

With every passing day the formerly booming nation of South Africa is getting ever closer to the formerly banana republic of Zimbabwe.
On Wednesday, South Africa's ruling African National Congress proposed at its 5th annual national policy conference that in addition to potentially nationalizing the country's central bank, that land expropriation without compensation should be allowed where it is "necessary and unavoidable," President Jacob Zuma said.

There was a hard push from supporters of President Jacob Zuma for a decision on the redistribution of land without compensation‚ which would necessitate a change to the constitution. But as the Sunday Times reported, according to the ANC’s economic transformation subcommittee head‚ Enoch Godongwana‚ both this proposal and the current system of redistribution with compensation remain on the table for debate by branches. Zuma‚ however‚ hinted in his closing address that there could be legislative changes for expropriation without compensation.  
“We agree on the imperative to accelerate land redistribution and land reform. Again we had robust discussions on the modalities to achieve this. We agree that using the fiscus for land redistribution must be accompanied by other measures if we are to achieve the goal at the required pace,” said Zuma in his closing remarks at the six-day conference held in Johannesburg.
“Where it is necessary and unavoidable this might include expropriation without compensation‚” Zuma said.
As discussed several months ago, land will be a key issue ahead of a December conference where a successor to Zuma will be chosen. The two current frontrunners are Deputy President Cyril Ramaphosa and Nkosazana Dlamini-Zuma, former African Union chair and Zuma's ex-wife. As a reminder, Dlamini-Zuma has made land redistribution from whites to blacks without compensation one of her main policies.

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