Steal the land, kill South Africa.

SA President on Land Expropriation without compensation - Do we believe him or do we hope he's a lier?

Section 25 as it stands below and some comments on the effects of changing it to allow expropriation without compensation and what you can maybe do to protect yourself:

Extract from constitution:

(1) No one may be deprived of property except in terms of law of

general application, and no law may permit arbitrary deprivation

of property.(2) Property may be expropriated only in terms of law of general

application—

(a) for a public purpose or in the public interest; and

(b) subject to compensation, the amount of which and the

time and manner of payment of which have either been

agreed to by those affected or decided or approved by a

court.

(3) The amount of the compensation and the time and manner of

payment must be just and equitable, reflecting an equitable

balance between the public interest and the interests of those

affected, having regard to all relevant circumstances, including—

(a) the current use of the property;

(b) the history of the acquisition and use of the property;

(c) the market value of the property;

(d) the extent of direct state investment and subsidy in the

acquisition and beneficial capital improvement of the

property; and

(e) the purpose of the expropriation.

(4) For the purposes of this section—

(a) the public interest includes the nation’s commitment to

land reform, and to reforms to bring about equitable

access to all South Africa’s natural resources; and

(b) property is not limited to land.

(5) The state must take reasonable legislative and other measures,

within its available resources, to foster conditions which

enable citizens to gain access to land on an equitable basis.

(6) A person or community whose tenure of land is legally

insecure as a result of past racially discriminatory laws or

practices is entitled, to the extent provided by an Act of

Parliament, either to tenure which is legally secure or to comparable

redress.

(7) A person or community dispossessed of property after 19 June

1913 as a result of past racially discriminatory laws or practices is

entitled, to the extent provided by an Act of Parliament, either to

restitution of that property or to equitable redress.

(8) No provision of this section may impede the state from taking

legislative and other measures to achieve land, water and related

reform, in order to redress the results of past racial discrimination.

____Comments:

The single biggest concern is if the government chooses to unilaterally change the constitution to suit their needs as and when they arise, it might as well not exist. What else will they then change in future that suits their needs?

Here's my thoughts on what will happen after changing the definition of the constitution to allow them to take property (and I've seen some drafts that it'snot defined as land, but rather as property, which is then pretty much anything). Without fair compensation for property expropriated, it effectively removes the cornerstone of wealth from the population and makes all property worth nothing instantaneously.

Once this pillar that underpins a vast sector of the SA economy is removed or devalued to zero through legalised theft, all the banks will no longer fund mortgages, as they will have too much to lose. When they stop lending, the SA economy stops.

If they take any land and refuse compensation thereof and create precedent, it will immediately force all landowners to try recover any money they can possibly get through sale of any improvements, equipment etc. to try recover their losses. They would also cease to pay their bonds immediately because nobody would know who's next on the list of expropriation.

When the farmers start selling implements, vehicles, equipment, livestock etc. to try build up a buffer of cash against the risk, they remove the production capacity of the farms. Food shortages would quickly follow.

Supply and demand would kick in as a major market force, pushing food prices through the roof. Simultaneously, any foreign owners of property would try sell as quickly as possible and there would be a major capital outflow from the Rand, forcing it to devalue quickly. Except there will be no buyers.

When the food shortage kicks in and is compounded by a devalued Rand that's running faster than the Reserve Bank can step in, we will have to import food. The rich will survive slightly longer, but not by much. To put it simply, the market is the great equaliser. When the food prices are driven catastrophically high, the government will try step in to control the pricing by forcing supermarkets to sell at specific prices. Supermarkets will simply not buy it or supply it at a loss. Why would they? It makes no financial sense to them.

This would cause untold riots to erupt everywhere. As the violence ramps up, blame would circulate and everyone with any money left will be trying to get it out of the banks into USD or Gold. The banks will freeze accounts fearing a run on them and they will limit withdrawals, which won't even be enough to cover basic food items.

• There will be no money
• No property values
• Massive violence
• Rampant inflation
• Massive capital controls
• Controlled cash withdrawals from ATM's
• Frozen accounts
• The banks will be wiped out because their entire balance sheet underpinning the loans they have out there will disappear.

The insurance companies will be wiped out as the banks call on loans on Billion Rand property portfolios to prop up their lending balance sheets and there will be no cash value to pay them, forcing foreclosures at untold levels. There will be no buyers at the auctions, because there will be no lending environment and no security that what you're buying won't be expropriated the next day, next week, next month. Who would buy anything if it's intrinsic value is zero the next day?

Crime will escalate quickly

Disease will spread as nutrition deteriorates across the board from lack of access to food.

It's played out in Venezuela and Zimbabwe. Why would it be any different here?

There are five major ways to protect yourself:

1 - Bond your existing property as high as you can right now. Take the pain on the increased bond repayments as insurance against the risk. Let the banks massive legal teams fight the good fight if someone comes to take your property. 

2 - Move as much money out of SA that you can afford. Take the currency risk now as insurance against the probability of this legislation going through and it actually happening. If it doesn't happen, you can always bring money back.

3 - If you can, find a way to generate income offshore in USD. If you can bond a property in SA, move the extra funds offshore and into cashflowing assets in USD to offset the increased cost of your bonds on your Rand cashflow. 

4 - Emigrate.

5 - Sell it all. Rent everything.

If you think this is not going to happen when they're actively saying they're going to do it, stop living in La La Land. I'd rather believe what they're ACTIVELY TELLING US and take appropriate steps to protect myself and my wealth and my family's ability to make choices now rather than panic choices later when all hell is breaking loose. You can always change your mind and bring money back, settle bonds again, grow businesses etc. Don't put your entire family's future at risk because you simply don't want to believe what they're telling you they're going to do.

There is no guarantee that expropriations will ultimately be limited to land; once momentum begins to build, it is inevitable that they will extend to other spheres of the economy. Once we open the door to changing our constitution on a whim to influence votes and stay in power, it's a slippery slope to holding onto that power through actioning their vocal promises to steal your stuff. This is the knife edge of the wedge. Property rights are the foundation of a civil society. Its about to become very uncivilized... why are we not rioting in the streets against this?

• We're being hammered at every turn:
• NHI, expropriate healthcare.
• BEE, expropriate business ideas.
• Wealth tax, increase in vat, high income tax - expropriate your results.
• Land expropriation without compensation - legalised theft of property. 
• Affirmative action - expropriate a meritocracy and celebrate mediocrity.

When are we gonna fight?

U.S. State Department Press Briefing condemns expropriation without compensation - August 23, 2018

- https://www.youtube.com/watch?time_continue=127&v=g0wZkPBqPH8

THIS WILL KILL SOUTH AFRICA IF WE ALLOW IT TO HAPPEN.