ANC’s latest attempt to threaten property rights in South Africa via SATodayNews
ANC’s latest attempt to threaten property rights in South AfricaThe civil rights organisation AfriForum on 28 April 2022, announced that they will oppose the ANC’s attempt to water down property rights in South Africa.
Now an ANC economic policy document has made new proposals on land reform. The paper proposes the creation of an Agricultural Development Agency that will be tasked with creating policy and processes to facilitate land donations to black farmers, and to create incentive mechanisms – such as enabling BEE recognition – for farmers who donate land or provide support to black farmers.
The ANC’s claims that the willing buyer, willing seller model has failed is also untrue, seeing as government has spent more than R60 billion on land reform but only an estimated 6.3% of the land purchased has been transferred to private owners.The involvement of the Land Bank is also concerning, seeing as the bank has incurred losses worth billions of rands. In 2021 a report by the auditor general found that the Land Bank’s financial losses grew by 211% to R2.
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