If expropriation without compensation is to become an explicit constitutional reality (it’s already an implicit one because, as many have previously pointed out, the compensation required by section 25(2)(b) of the constitution can in theory be assessed as zero in financial terms) then we might as well find the silver lining and put the policy to good use.

In particular, the expropriation process would need to be protected from cronyism, whereby the political elite loot and plunder private property and resources to distribute among themselves for personal enrichment, as happened with commercial farms in Zimbabwe...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.