LETTER: A long lease does not offer the bond that ownership does
ANC stuck in the mire of a discredited quest to control the levers of power
10 September 2019 - 05:03
Another judgment has been handed down excoriating the idiotic stance of the ANC government on land reform. Do they not get it?
Long leases may give some security of tenure and banks might (depending on their terms) lend against them to enable the development of productive farms or the building of homes (I wouldn’t). But a long lease does not give the tenant the emotional and legal bond of ownership, which would enable him/her to work and take on risk today, to develop an enhanced asset for a family’s long-term future...
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