In the run up to the national elections, the ruling ANC once again made many promises regarding land expropriation to win votes. Supporters of these efforts to change the constitution in order to apply expropriation without compensation are now waiting impatiently to see how government will process this exercise.
However, TLU SA, leading economists and South Africans who have the prosperity of the country in mind, still emphasise the devastating effect a threat to private property rights will have on the South African economy.
Therefore, TLU SA launched the #SOS-campaign.
“With this campaign we will send a distress signal to foreign countries, asking them to take a stand and warn the South African government to not proceed with this short-sighted plan,” says Mr Louis Meintjies, the President of TLU SA. “We’ve been warning against land expropriation since its inception. Our suggestions regarding this – which would be to the benefit of all parties – are however simply seen as right and therefore wiped from the table, without properly looking into it.”
“Private property rights – be it land, shares or even cash – are the most important principles of a country’s economic growth,” he says. “It is the state’s obligation to protect its residents and their property. When private property rights are undermined by the state itself, government fails in their duty, to the detriment of the country’s economy.”
Worldwide the living standards of countries which protect private property rights are much higher than those in which the opposite regulations are in place. Compare the living standard and economies of the top 15 countries protecting private property with the 15 countries faring worst in protecting these rights.
With the #SOS campaign South Africans can send a distress signal directly to the leaders, ambassadors and influencial roleplayers of the top 15 countries.
Protect the country’s economy and future by supporting this campaign.