The Ad Hoc Group for the Protection of Property Rights has taken note of ANC Secretary-General Jessie Duarte’s remarks on Monday, on Expropriation without Compensation at a media conference. During the interview, she elaborated on the ideological fiction that expropriation without compensation (EWC) is at the heart of economic development.
This position flies directly in the face of a finding by the Institute of Race Relations that expropriation threatens “the property rights of all South Africans: from the 9.5 million people with homeownership to the approximately 18 million with customary law plots and the estimated 17 million who are members of pension funds. It would also harm all business owners, large and small. At the same time, the economic consequences of the Bill would further harm the 11 million individuals who are currently unemployed, by reducing investment, limiting growth and hampering post-lockdown recovery.”
How out of step Je
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