Strong property rights are vital

2019-02-27 06:00

THE ANC and EFF MPs who voted in favour of amending the property clause in the Constitution said that it must not harm the economy or agricultural sector — a contradiction.

The pillar of agriculture in particular, and the economy in general, is the establishment of a strong property rights regime. No one will plant a measly potato or build a factory if it stands to be confiscated. It’s like saying, “I will take your house but I will not deprive you of a roof over your head.” Or, “I will rob you as long as I do not take any money from you.” Or, “I will implement AA and B-BBEE as long as we have an efficient government.”

Our country is built on numerous contradictions. If they say that the law will only target whites then this is racist. And if they say the law is there to affirm black people, I will say what about all the land that is not farmed in Transkei and what about the Ingonyama Trust land in KZN?

First farm that land, then we can talk about allocating billions of rands to purchase the thousands of farms available on the open market.

But touching property rights will do as much damage to the economy as 30 times the value of all the raw land — not a good bargain.

Ask the Zimbabweans or Venezuelans. We do not have to reinvent the wheel of socialist madness.

NAUSHAD OMAR

AthloneCape Town

THE ANC and EFF MPs who voted in favour of amending the property clause in the Constitution said that it must not harm the economy or agricultural sector — a contradiction.

The pillar of agriculture in particular, and the economy in general, is the establishment of a strong property rights regime.

No one will plant a measly potato or build a factory if it stands to be confiscated. It’s like saying, “I will take your house but I will not deprive you of a roof over your head.” Or, “I will rob you as long as I do not take any money from you.” Or, “I will implement AA and B-BBEE as long as we have an efficient government.”

Our country is built on numerous contradictions.

If they say that the law will only target whites then this is racist. And if they say the law is there to affirm black people, I will say what about all the land that is not farmed in Transkei and what about the Ingonyama Trust land in KZN?

First farm that land, then we can talk about allocating billions of rands to purchase the thousands of farms available on the open market.

But touching property rights will do as much damage to the economy as 30 times the value of all the raw land — not a good bargain.

Ask the Zimbabweans or Venezuelans. We do not have to reinvent the wheel of socialist madness.

NAUSHAD OMAR

AthloneCape Town

NEXT ON NEWS24X

Join the conversation!

24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.

Inside News24

 
/News
Traffic Alerts
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.




Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.