MegaBanner-Right

MegaBanner-Left

LeaderBoad-Right

LeaderBoard-Left

Home » Industry News » Business Advisory & Financial Services News » What does the Expropriation Bill imply for business?

What does the Expropriation Bill imply for business?

For three years the Parliamentary Committee on Section 25 of the Constitution has laboured long and hard and finally brought forth a Bill that seems unlikely to get enough votes to make it law.

But even if it is rejected by Parliament the Bill is nevertheless significant in ways the private sector ignores at its peril.

While some of the awful economic impacts the Bill would have had, if enacted by Parliament have been made clear, some implications have been overlooked.

There is much more to it for it revealed most starkly the vision of what some ideologues hope for in our future – a society with little or no place for private business.

Embedded in the Civil Service at all levels of our government are unelected people with immense power. They can draft Bills and get them before Parliament without their political masters playing any real part of the process – one example among others being the sneaking into the draft Expropriation Bill the daft idea of allowing land claims back to 1800.

The same sources are behind constant attempts to centralize economic activity in the hands of the State and through regulation to ride roughly shod over individual liberties enshrined in the Constitution

If their ultimate aim is some vision of a workers’ paradise, it is not one the private sector nor its employees should pray for.  Nor should anyone who values the freedoms protected by our Constitution, above all the right to own private property, ignore attempts to impose it.

Because every attack on individual liberty however small sends a loud warning to potential investors and job creators that says, “Look somewhere else in the world before considering South Africa”.

To enquire about Cape Business News' digital marketing options please contact sales@cbn.co.za

Related articles

State of the nation: Not enough businesses are taking cybercrime seriously enough

By Ivan Jardim, Account Manager at Insight Consulting Interpol recently revealed that cybercrime, specifically ransomware incidents, cost the South African economy up to 1% of the country’s...

Private property is the cornerstone of agricultural sustainability and food security

AgriSA is disappointed by the signing of the Expropriation Bill into law by President Cyril Ramaphosa on January 23, 2025. The bill facilitates the...

MUST READ

City delivering real change

Behind every budget line, every policy, and every project there are real people, real challenges, and a shared future we are shaping. In a...

RECOMMENDED

Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

Strictly Necessary Cookies

Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.

If you disable this cookie, we will not be able to save your preferences. This means that every time you visit this website you will need to enable or disable cookies again.