THE alarmingly named Expropriation Bill, passed on May 26th by South Africa’s parliament, is being hailed by the ruling party as a victory for blacks who were dispossessed of their land by white colonists. More than two decades after the first democratic election of 1994, the vast majority of land is still owned by white South Africans. The African National Congress (ANC) has until now operated a “willing seller, willing buyer” policy of land reform. But this has proved slow and ineffective. Only about 8-10% of white-owned land has been transferred to black owners since the party came to power, a third of its target of 30%.
The new bill, which still needs to be signed by the president, Jacob Zuma, aims to speed this up, by allowing the state to expropriate land by paying an amount determined by a “Valuer-General”.
Critics fear the bill could affect agricultural production at a time when South Africa is recovering from a serious drought, as well as suffering from creakingly slow economic growth and an expected downgrade of its credit-rating to junk status later this year. Some white farmers look nervously to Zimbabwe and Robert...Continue reading
Source: Middle East and Africa http://ift.tt/1sfZxw4
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