According to Co-operative Governance and Traditional Affairs Minister Zweli Mkhize, SA will burn unless white land is taken without compensation. Admittedly, whites do own about 70% of farmland, but that percentage is distorted by the huge size of the Northern Cape, which is overwhelmingly held by whites. AgriSA estimates that whites hold only 50% of agricultural productive capacity. Given that the 70% ratio is too high for social stability, the puzzling question is: why must the redistributed land be confiscated, ie acquired for no consideration? Redistribution is already taking place via the market. According to City Press the late Free State provincial councillor Sandile Msibi purchased farms and other property for R25m via the Msibi Trust. This is unlikely to be an isolated occurrence. In the past 25 years much wealth has been accumulated via black economic empowerment, and it would be odd if none of this has been invested in land. The fact that this does not show up in the gove...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now