Browse: Home / FMF says NO to Expropriation Without Compensation

Menu

Skip to content
Warning: getimagesize(): http:// wrapper is disabled in the server configuration by allow_url_fopen=0 in /usr/www/users/inengvbxmm/wp-content/themes/fearless/includes/template-tags.php on line 337 Warning: getimagesize(https://ineng.co.za/wp-content/uploads/2014/12/Public-Policy-entrepreneurs-1.jpg): failed to open stream: no suitable wrapper could be found in /usr/www/users/inengvbxmm/wp-content/themes/fearless/includes/template-tags.php on line 337
Header image

Ineng Warning: getimagesize(): http:// wrapper is disabled in the server configuration by allow_url_fopen=0 in /usr/www/users/inengvbxmm/wp-content/themes/fearless/includes/template-tags.php on line 365 Warning: getimagesize(https://ineng.co.za/wp-content/uploads/2017/05/Ineng-LOGO-PNG-2017-05-29.png): failed to open stream: no suitable wrapper could be found in /usr/www/users/inengvbxmm/wp-content/themes/fearless/includes/template-tags.php on line 365 Logo

Independent Entrepreneurship Group

Menu

Skip to content
  • News
  • Articles
  • Events
  • Issues
    • Energy
    • Business Licensing Bill
    • Economic Freedom
    • Compliance and Ease of Doing Business
    • Consumer Choice
    • Global Investment and Expansion
    • One Stop Shops
    • Asset Ownership
    • Property Rights
    • Social Safety Net
    • Visa-Free Travel in Africa
    • Immigration and Visa Policies
    • End Government Bailouts of SAA
  • Data
  • About Ineng
    • About Ineng
    • Speakers
    • Contact Us
      • Product Page
    • Join Mailing List
Johannesburg - the Future of South Africa

FMF says NO to Expropriation Without Compensation

Posted by admin on 14 Nov 2018 in News | 79 Views | Leave a response

Media release from the Free Market Foundation
13 November 2018 

No to Expropriation Without Compensation (#EWC)
Time for ANC members to put SA and future generations ahead of party loyalty
 

The ANC is playing a dangerous political game in forcing through its policy of changing the Constitution to allow for expropriation without compensation (EWC) and party members supporting this should be very clear about the consequences. Property rights are fundemental to a free and prosperous society. Attack these and you attack the heart of an economy and destroy any chance of South Africa being a prosperous player on the global stage. The Free Market Foundation (FMF), which has championed property rights for over 40 years, is actively campaigning to stop this damaging policy before it is too late, including through its Khaya Lam (My Home) Land Reform Project which facilitates the transfer of council-owned properties to the rightful owners currently living as tenants. 

The FMF’s campaign includes a conference on 20/21 November. International speakers, with first-hand knowledge of what happens to a country when property rights come under siege, will present case studies from Venezuela, Africa, India and central Europe.

The FMF will also propose solutions to land reform that do not require a far reaching and perilous change to the Constitution. We invite everyone who cares about the future of the country to attend, free of charge (conference details below). 

It is a global proven fact that without secure property rights, foreign and local investor finance stops. Government’s current foreign investment drive will be a waste of time as no rational investor will put a cent into a country that does not offer protection of property. Despite positive statements by Ramaphosa and other ministers, foreign investment will remain a pipedream. 

Government claims that expropriation without compensation is necessary to restore land that was stolen during apartheid, to redistribute land so that home ownership matches racial demographics, and to appease an electorate that is crying out for land.

President Cyril Ramaphosa claims that this policy will not hurt the economy and that it will bring more people into the fold by helping beneficiaries to become farmers.

These claims are false.

Recent history shows how state ownership and control of property smothers economic development throughout Africa and elsewhere in the world. 

The myriad of rights which South Africans enjoy were won after decades of struggle against the state. With this proposal, the ANC and EFF trample over the sacrifices made by those who fought against colonialism and apartheid. 

Under those socialist systems the state decided which South Africans could be secure in their property. We will be subjected to that same violation of individual rights if the Constitution is amended along the lines proposed. 

Government’s narrative implies that EWC will only apply to rural land (moreover, to rural land held by white farmers). This is not how constitutional doctrine works. If EWC is amended into the Constitution, all property will be subject to it, regardless of government’s verbal, or even written, assurances to the contrary.  

Secure private property rights are absolute prerequisites to a prosperous society and to individual freedom. EWC will undermine all the progress South Africa has made since apartheid ended, and will guarantee that absolutely no progress can be made in the future. It is imperative that EWC be abandoned and that land reform be pursued under the current, powerful provisions of the Constitution. 

It is in the hands of ANC party members to prevent the disaster that awaits. Party loyalty and collective agreement is ingrained in the ANC membership, but, on this, ANC supporters should think very carefully about the long-term consequences for their children, grandchildren, and the economic future of South Africa. This is not about winning an election. It is about the future of today’s children. 

Land reform is necessary and restitution solutions are available to South Africans without undermining property rights by amending the Constitution. Attend the FMF EWC conference and be part of this critical discussion. 

Posted in News | Tagged ANC, EWC, Expropriation Without Compensation, Free Market Foundation, property rights

Related Posts

How to Stop Expropriation without CompensationHow to Stop Expropriation Without Compensation→

Security of Property Rights in South Africa ConferenceWorld Experts attend conference on the Security of Property Rights in South Africa→

The website of the African National Congress with the notice THIS WEBSITE IS SUSPENDED DUE TO NON-PAYMENT TO THE SERVICE PROVIDERANC Website Shut Down due to “Non-Payment to the Service Provider”→

Which Political parties are South Africans searching for on GoogleWhat Political Parties are South Africans searching for on Google?→

  • Facebook
  • Twitter

Ineng on Facebook

Popular Posts

  • A photo of the South African parliament. Where South African Government Policies are made.

    South African Government Policies

    29171 views / Posted 21 Jul 2015
  • Nelson Mandela Bridge Johannesburg

    State of Entrepreneurship in South Africa

    11032 views / Posted 24 Dec 2015
  • List of SADC Countries in 2018

    10587 views / Posted 8 Oct 2018
  • A photo of an A380 aeroplane. Goes with an article about Visa Free Countries for South African travellers.

    Visa Free Countries for South Africans

    8106 views / Posted 6 Jul 2018
  • Missing image

    The Future of South Africa

    7793 views / Posted 27 Jun 2018
  • A map showing the provinces of South Africa by Gross Domestic Product per capita

    South African Provinces by GDP per capita

    4319 views / Posted 3 May 2018
  • Unemployment in South Africa. Many people are out of work and jobless.

    Devastating calamity of South African labour legislation

    3474 views / Posted 20 Oct 2014
  • Free Speech at South African Universities

    Free Speech at South African Universities

    3191 views / Posted 20 Dec 2018
  • independent western cape

    Western Cape Independence

    2728 views / Posted 24 Jul 2018
  • Economic Freedom in South Africa

    Economic Freedom in South Africa

    2710 views / Posted 23 Dec 2015
  • A photo of Johannesburg council chamber - South African Public Policy in 2018

    South African Public Policy in 2018

    2625 views / Posted 30 Jun 2018
  • List of SADC countries by GDP

    List of SADC Countries by GDP

    2597 views / Posted 24 Aug 2018
  • A map made using Google Data Studio showing the level of Economic Freedom among SADC countries in 2018

    Economic Freedom among SADC countries in 2018

    2378 views / Posted 1 May 2018
  • A photo of a small shop in South Africa

    The new Expropriation Bill: a Threat to Small Businesses?

    2280 views / Posted 11 May 2015
  • Institute of Economic Affairs logo

    Intern at the Institute of Economic Affairs

    1966 views / Posted 29 Sep 2014

Recent Posts

  • South African flag - South Africa

    Who will win the 2019 Elections in South Africa? IRR releases surprising new poll results

    30 Apr 2019 / admin
  • A group of protesting people against threats facing South Africa

    Facts about South African voters ahead of the 2019 Election

    14 Apr 2019 / admin
  • Capitalist Party of South Africa

    A Guide to the Capitalist Party of South Africa (ZACP)

    20 Mar 2019 / admin
  • Unathi Kwaza

    Unathi Kwaza key member of new Political Party – the Capitalist Party of South Africa

    18 Mar 2019 / admin
  • Big Daddy Liberty interviews South African Voters

    Big Daddy Liberty interviews ANC, DA, EFF Supporters ahead of the 2019 Election

    8 Mar 2019 / admin
  • How to Stop Expropriation without Compensation

    How to Stop Expropriation Without Compensation

    8 Feb 2019 / admin
  • Frans Cronje talks about what South Africa will be like in 2030 in Johannesburg

    What will South Africa be like in 2030?

    17 Jan 2019 / admin
  • Buildings in Sandton, Johannesburg. Most Developed Countries in Africa.

    Top 10 Most Developed African Countries

    16 Jan 2019 / admin
  • Free Speech at South African Universities

    Free Speech at South African Universities

    20 Dec 2018 / admin
  • IRR report on the National Health Insurance scheme in South Africa

    Read the IRR’s Report on the National Health Insurance scheme

    13 Dec 2018 / admin
  • Facebook
  • Twitter
 

Recent posts

  • South African flag - South Africa

    Who will win the 2019 Elections in South Africa? IRR releases surprising new poll results

    30 Apr 2019 / admin
  • A group of protesting people against threats facing South Africa

    Facts about South African voters ahead of the 2019 Election

    14 Apr 2019 / admin
 
 
 

©2013 - 2019 Ineng

Menu

Google+