Land expropriation without compensation will be disastrous for SA economy: Pompeo via SABCNewsOnline
The US government is concerned about the possible negative effect of land expropriation without compensation on SA's economywould be disastrous for the South African economy are just the latest comments from the US government casting aspersions on the process. Addressing Ethiopian business leaders in Addis Ababa, Mike Pompeo criticised centralised planning in economies pointing to failures in Zimbabwe and Tanzania among others before turning his attention to South Africa.
It was a speech largely focused on the economic liberalisation of African countries – denouncing external influence from authoritarian governments while touting the rule of law, respect for property rights and regulations that encourage investment. “Centralised planning hasn’t worked, look at the failed socialist experiments of years past in Zimbabwe, in Tanzania, and right here in Ethiopia.
The State Department later confirmed its position that expropriation without compensation would send South Africa down the wrong path as explained then by former spokesperson Heather Nauert. A month later in New York, then International Relations Minister Lindiwe Sisulu met behind closed-doors with Pompeo where the matter was raised and seemingly resolved.
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