03 September 2017
“…any short-term gains will be short-lived if we go the route of expropriation without compensation as the realities of disinvestment will soon set in if land is stripped of its inherent value. The state does not have enough money to satisfy the demand for land reform in South Africa, of that there is no doubt. The fiscus currently allocates roughly R4 billion per annum for land acquisition, but by its own estimates, at least R54 billion will be needed over the next 13 years to meet the targets set in the National Development Plan…” – farmingportal
Read the full article from farmingportal.