There are ominous signs from parliament that the ANC/EFF is moving towards “custodianship” of land and improvements. This is just a mealy- mouthed word for nationalisation.
It is one thing to retain the land market, and merely expropriate — even for nil consideration. Provided this is on a marginal scale, it merely amounts to a hit-and-miss type of wealth tax. Land and improvements will retain most of their value...
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