Why Land Seizure Is Back in the News in South Africa

over 5 years in Washington Post

South Africa’s ruling party is forging ahead with plans to change the constitution to make it easier for the government to expropriate land without paying for it. The state hasn’t taken any property yet, but the nation’s banks are worried because they have billions of rand lent to farmers and real estate owners at stake. U.S. officials have waded in, with Secretary of State Michael Pompeo warning that expropriation would be disastrous for the economy. President Cyril Ramaphosa has given assuranc

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