Discover and read the best of Twitter Threads about #expropriation

Most recents (3)

1. The @Our_DA and the @IRR_SouthAfrica are running grifter campaigns. Using fear-mongering and outright lies they are encouraging peeps to sign petitions to oppose the 2020 Expropriation Bill. They are simply capturing your data & will solicit a donation soon. Here are the lies:
2. #BIGLIE 1: The 2020 Bill introduces #expropriation into our law and if you can stop this bill you can stop expropriation.

#TruthMatters: Expropriations have happened across SA for over 50 years currently under the 1975 Expropriation Act. Prior to that under a 1965 Act.
3. #BIGLIE 2: The 2020 Expropriation Bill expands the definition of property to include movables. "They are coming for your car"!

#TruthMatters: The current expropriation law already includes movable property.

The 1975 Expropriation Act defines property as immovable and movable
Read 13 tweets
🔥 💡 Thread

1/ @ReserveBankZIM is expropriating forex, which is a form of property.

This has led to the financial misery of mining companies, farmers & manufacturers.…

@czionline @ZEPARU1 @MhonaFelix @ZimFact @PaulNyakazeya @kukurigoZW @newswireZW
2/ Background of how its a form of property.

When non-exporting entities sell their goods&services locally, they are required 2 bank all their earnings.

The businesses remain in full control of their earnings & the deposits are reported as national savings.
3/ #Savings are the difference btwn the income & consumption & is a gauge of a nation's financial health, as investments are generated thru savings.

Household&corporate savings are the source of borrowing for a public&private sectors & individuals.
Read 25 tweets
I have been saying all along that the #ANC #Expropriation policy will be mild. This looks VERY open-ended, and I am convinced that it creates conflicts with other provisions of the Constitution.… via @News24
@News24 The proposed text includes, "Provided that a court may determine that no compensation is payable in the event of expropriation of land for the purposes of land reform…". This is fatally flawed - one cannot have a guaranteed wrong EFFECT merely because the MOTIVE might seem good.
@News24 Although an #Expropriation Act might set out the necessary protections (this is much more complex than most realise or admit), there is no guarantee that it would. And even a good Act can be re-written with a simple majority. The key logical problem is arbitrariness.
Read 9 tweets

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