Free Republic 3rd Qtr 2025 Fundraising Target: $81,000 Receipts & Pledges to-date: $42,915
52%  
Woo hoo!! And now only $15 to reach 53%!! Thank you all very much!! God bless.

Keyword: safricanconstitution

Brevity: Headers | « Text »
  • South Africa's Land Bank says land expropriation could trigger default

    08/21/2018 11:03:50 AM PDT · by Eyes Unclouded · 37 replies
    Reuters ^ | Aug 21 2018
    South Africa's state-owned Land Bank said on Monday a plan to allow the state to seize land without compensation could trigger defaults that could cost the government 41 billion rand ($2.8 billion) if the bank's rights as a creditor are not protected. Land Bank is a specialist bank providing financial services to the commercial farming sector and other agricultural businesses. President Cyril Ramaphosa announced on Aug. 1 that the ruling African National Congress (ANC) is forging ahead with plans to change the constitution to allow the expropriation of land without compensation, as whites still own most of South Africa's land...