ownership | Radio 94.7 FM

A series of proposals such as the possibility of a land tax for farmers and limits on ownership and constitutional amendment were tabled on Sunday by the president’s task force on land reform.

Minister of Agriculture, Land Affairs and Rural Development, Thoko Didiza released the report on Sunday, but without much emphasis on the objections and suggestions by Dan Kriek, president of Agri SA, and mega-farmer Nick Serfontein.

Netwerk 24 reported earlier that the report proposes a constitutional amendment to allow expropriation without compensation under certain circumstances and with strict conditions.

The panel refers to those conditions contained in the Expropriation Bill. These are cases where tenants stay on the ground, where land is kept for speculative purposes only, state-owned land, where the landlord has abandoned the land or where government subsidies to the owner were more than the current market value.

“Only
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The ANC’s secretary-general, Ace Magashule has revealed the ANC’s plans regarding the South African Reserve Bank (SARB). A couple days after the party’s NEC had their Lekgotla meeting, Magashule has returned with shocking news of the party’s aim: to nationalise the central bank.

South African Reserve Bank targeted for nationalisation by the ANC
South Africa’s reserve bank is one of the fewest central banks, in the world, that have private shareholders.

The Citizen, the bank has over 261 000 shares split between more than 600 private shareholders, with Parliament only able to function in a supervisory role within the spectrum.

Many of these shares are owned by people who do not reside in South Africa, the majority shareholder being Michael Duerr, a German with a 57.5% ownership stake in the central bank.

The ANC, largely the Jacob Zuma and Julius Malema faction, has always pushed for amendments to the Reserve Bank Act. The
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