'Zimbabwe-fication' Begins: Farmers Panic As South Africa Seizes First White-Owned Land | WHAT REALLY HAPPENED

'Zimbabwe-fication' Begins: Farmers Panic As South Africa Seizes First White-Owned Land

South Africa’s white farmers have been desperately trying to sell their lands at record pace ahead of planned government land seizures, according to a local farmer’s union. However, there are no buyers.

As Ryan Martinez writes for PlanertFreeWill.com, tensions among the country’s white farming community have been rising since the election of Cyril Ramaphosa who assumed office earlier this year and committed his African National Congress (ANC) to land expropriation.

“You shouldn’t own more than 25,000 acres of land. Therefore, if you own more it should be taken without compensation.”

“People who are privileged never give away privilege as a matter of a gift,” he continued. “And that is why we say, to give you the tools, revisit the constitution so that you have a legal tool to do it.”

Mantashe comments were condemned by both white and black farmers, with unions predicting such a move would lead to job losses and a situation in which South Africa may no longer be able to feed itself.

Omri van Zyl, head of the Agri SA union, which represents mainly white commercial farmers, said:

“The mood among our members is very solemn. They are confused about the lack of any apparent strategy from the government and many are panicking.

So many farms are up for sale, more than we’ve ever had, but no one is buying.”

“Why would you buy a farm to know the government’s going to take it?”

Analysts warn the move could undermine property rights and deter investment.

In Zimbabwe, violent land seizures which were authorized by Robert Mugabe in the 1990s which sent the country into a spiral of decline from which it has never recovered.

And, just as we warned previously, Ramaphosa's decision all but guarantees a banking crisis in South Africa:

Another important point is that a lot of this land that the government wants to confiscate probably has quite a bit of bank debt.

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