Property rights: What happens next?

moneyweb.co.za

- moneyweb.co.za | 4 months ago

With the election out of the way, analysts and commentators are now fixing their attention on ‘what happens next’.

A recent piece on Moneyweb by Kim Harrisberg of the Thomson Reuters Foundation, does just this, using precisely these words ‘Private property rights: What happens next?’ Her specific concern, appropriately, is the future of private property rights. For the past 18 months, no issue has occupied quite the sustained prominence in the country’s politics as the drive by the ruling African National Congress (ANC), the government it leads, and a number of other political interests – notably the Economic Freedom Fighters (EFF) – to introduce a regime of expropriation without compensation (EWC), ostensibly to rectify the deficiencies in land reform.

The attempt to degrade property protections is without question one of the most important developments since the founding of democracy.

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