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Zimbabwe 2.0? Land confiscation will damage South Africa's food production, says rights group
Link: https://www.rt.com/business/431389-land-confiscation-zimbabwe-africa/
The South African economy and the nation's food production could collapse if the government seizes land from white farmers and redistributes it to black citizens, a local race relations organization has told RT.
The move, approved by the ruling African National Congress (ANC) earlier this year, is aimed at redistribution of wealth and "radical economic transformation." The government is reportedly planning to put an end to what they call the legacy of apartheid, where nearly 95 percent of the South African wealth was kept in the hands of 10 percent of its white population. "Banks have surety bonds on farms to the value of 180 billion rand. If the farms are expropriated without compensation the whole banking sector will collapse, And with that the economy," the body's spokesman told RT.
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