LETTER: Property rights must be safe from political whims
Former president Kgalema Motlanthe was right when he said that if property is not protected you destroy value
Former president Kgalema Motlanthe was right on the money when he warned of the massive harm that would be caused if property rights aren’t protected in SA. Speaking in Pretoria, Motlanthe said: “If property is not protected you destroy value, and if there’s no value then you won’t have an economy driving forward.”
Without the surety that their property would be safe from seizure, neither local nor foreign investors would have any reason to invest in SA. Small businesses, the backbone of the SA economy, already under enormous pressure because of onerous labour regulations, will fall away without capital investment. And while the intended goal of expropriation without compensation is redress, the result will be catastrophic for both agriculture and the wider economy...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
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.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.