Expropriation Act is a turning point
South Africa is once again facing a major turning point in its history with the decision to present the Expropriation Bill of 2020 to the National Assembly on 14 September, which means that this act can already be promulgated in November.
“If the Bill goes through, it will have a tremendous impact on our country’s economy as pointed out time and again by TLU SA,” says Mr Henry Geldenhuys, TLU SA President.
The Constitution states that “property” is not limited to land alone and although the law currently provides for expropriation without compensation is limited to land, the problem is that the principle is broken, and the Constitution’s provision can later make the principle also applicable on all other property.
“This piece of legislation is extremely short-sighted. Who would invest in a country where the state arrogates such powers to itself? With an unemployment rate that is running away precisely because of the ANC’s transformation policy, it is an open question how the government sees the way forward in terms of investment confidence. This is always the starting point of economic growth. Economic growth is the only way to solve the social reality that worsens every day over time.”
The principle of private property rights forms the basis of wealth creation and must be protected at all costs. The path the government is taking has only caused poverty and much sadness worldwide.
“Every resident of South Africa who is serious about the future of their children must fight this draconian proposal of the ANC, which owes its origin to an emotional battle in the ANC ranks during its previous policy conference, with all possible means. It is now time to build on the future with greater responsibility,” adds Mr Geldenhuys.
TLU SA proposes the following two actions considering the impact of the Expropriation Act.
“The accusations that we stole the land have been made so many times that it is now accepted as the truth. However, it is defamation to falsely accuse the parties involved,” says Mr. Bennie van Zyl, TLU SA General Manager.
“We encourage our supporters to file a formal complaint with the SAPS for crimen injuria whenever someone makes such an allegation and request that it be investigated. Something must be done to reverse the lie that is widely propagated without hindrance.”
Then, click on this link https://www.tlu.co.za/onteieningswet/ and share your personal comments about the impact the Expropriation Act will have on you so that we can share it with the government.
Issued by: TLU SA
Date: 18 August 2022
Enquiries: Mr Henry Geldenhuys, TLU SA President (083 560 1273)
Mr Bennie van Zyl, TLU SA General Manager (082 466 447)