LETTER: Expropriation Bill is no change for the better
Investors do not put their money in a country where the basic protection of their money and property is subject to political party dogma
13 October 2020 - 13:31
Reading the text of the rejigged property expropriation bill leads to a conclusion that what the state now intends is the same disregard for private property rights with just a few cosmetic changes. The medicine still tastes awful, despite the addition of kinder words and lashings of syrup.
No foreign investor will be fooled for an instant. As the Institute of Race Relations bluntly put it: the SA government “should remember that it is no small matter to tamper with the Bill of Rights. To do this is to degrade the protections SA’s people have vis-à-vis the state”...
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