Grondpryse Val 32%

[Visser]

https://www.netwerk24.com/Nuus/Politiek/grondpryse-val-32-20180909

Die pryse van landbougrond het met 32% gedaal sedert die ANC in Desember besluit het om ’n mosie oor die onteiening van grond sonder vergoeding op sy leierskonferensie by Nasrec te aanvaar.

Die ekonoom Johann Bornman, wat die enigste gesaghebbende databasis van landbougrondtransaksies sedert 1994 saamgestel het, se jongste syfers toon die gemiddelde prys van landbougrond het landwyd gedaal van gemiddeld R13 700 per hektaar in Desember tot R9 318 per hektaar in Julie.

Donker voorspellings oor die uitwerking van die onteieningsdebat op die landbou-ekonomie is dus reeds besig om waar te word en kan nou veroorsaak dat boere in die komende somerseisoen aansienlik minder aanplantings kan doen, sê Bornman.

 

[Visser]

Sorry, can only find an Afrikaans article for now.

 

[Sideshow Bob]

Sorry, can only find an Afrikaans article for now.

No worries mate - we all are used to this. Here is the isiZulu translation

"Izindleko zomhlaba wezolimo ziye zawela ngamaphesenti angu-32 kusukela i-ANC yanquma ngoDisemba ukwamukela isimemezelo sokuthengwa komhlaba ngaphandle kwenxephezelo kwinkomfa yayo yobuholi be-Nasrec.

Umcwaningi uJohn Bornman, oye waqoqa ulwazi olulodwa olugunyaziwe lokuthengiselana komhlaba kusukela ngo-1994, ubonisa ukuthi inani elilinganiselwe lomhlaba wezolimo liye lanqamuka ezweni lonke kusukela ku-R13 700 ngehektare ngoDisemba kuya ku-R9 318 ngehektare ngoJulayi.

Ukubikezela amnyama mayelana nomthelela wempikiswano yokudliwa kwempahla emnothweni wezolimo sekusekhona futhi manje kungabangela ukuba abalimi bangahlwanyeli kakhulu ngesikhathi sehlobo ehlobo, kusho uBbornman."

 

[RedViking]

Is this about the prices for ground coffee?

 

[Sideshow Bob]

Is this about the prices for ground coffee?

Restricted to Val region I think.

 

[Visser]

Restricted to Val region I think.

May well be the case, but it will not take too long, especially now that they are dragging out the process before this rolls over to the value of all properties in SA.

Amending the Constitution only - not even taking land - will mean that banks need to change their agreements and can no longer use the land or property as security. No person in his right mind will apply for a loan knowing the state can come and take that land without paying you for it. By then the bank agreements will also read that you will be responsible for the debt whether the land is taken without compensation or not.

So, amending the constitution will see a massive drop in sales, followed by a massive decline in property value.

 

[Visser]

Over and above that, if the South African constitution is amended, not a single investor will invest in this country. Those who are still invested will flee as soon as possible. Amending the constitution is way too much risk for them and there is no way they will risk money here. Over and above that, the amendment of the constitution will force all grading agencies to keep us at junk status. Currently I see no difference between amending the constitution and EWC.

The only countries that will risk investing are China and Russia. They are clever enough to know the ANC will default on loans and they will then be in a position to systematically take over all functions of the country.

 

[ForceFate]

Over and above that, if the South African constitution is amended, not a single investor will invest in this country. Those who are still invested will flee as soon as possible. Amending the constitution is way too much risk for them and there is no way they will risk money here. Over and above that, the amendment of the constitution will force all grading agencies to keep us at junk status. Currently I see no difference between amending the constitution and EWC.

The only countries that will risk investing are China and Russia. They are clever enough to know the ANC will default on loans and they will then be in a position to systematically take over all functions of the country.

Honestly, this doesn't make sense.

 

[Visser]

Honestly, this doesn't make sense.

I know, but give it 10-20 years and you will see exactly why China was the only country in the world this year willing to invest trillions of Rands into the country - this while all other investors started fleeing, taking their money (or what's left of it) out of the country.

In fact, China did not invest in or loan money to privately owned companies - only to Government. There is a big reason for this. They are not interested in investing into housing projects for the poor, or improvement of road infrastructure or uplifting poor communities or even bridging the gap between rich and poor. They hand out money for very specific reasons.

 

[ForceFate]

I know, but give it 10-20 years and you will see exactly why China was the only country in the world this year willing to invest trillions of Rands into the country - this while all other investors started fleeing, taking their money (or what's left of it) out of the country.

Investors will invest in anything as long as they make something out of it. Look at the Nigerian oil fields and DRC mines. Many examples of in central and west Africa.

 

[Seriously]

I know, but give it 10-20 years and you will see exactly why China was the only country in the world this year willing to invest trillions of Rands into the country - this while all other investors started fleeing, taking their money (or what's left of it) out of the country.

In fact, China did not invest in or loan money to privately owned companies - only to Government. There is a big reason for this. They are not interested in investing into housing projects for the poor, or improvement of road infrastructure or uplifting poor communities or even bridging the gap between rich and poor. They hand out money for very specific reasons.

In other words no different than the South African lonesharks and drug dealers pouncing on the weak and needy for ulterior motives and maximum gains.

 

[Visser]

Investors will invest in anything as long as they make something out of it. Look at the Nigerian oil fields and DRC mines. Many examples of in central and west Africa.

Yes, you will still get your individual investors who will risk $500, $1000 or perhaps $10k in certain companies. As for the biggest portfolio investment houses, those who bring in hundreds of millions or even billions, well, they are pretty much out of the game locally. No matter the company or institution they are interested in, they are regulated and that investments are gone.

 

[Visser]

In other words no different than the South African lonesharks and drug dealers pouncing on the weak and needy for ulterior motives and maximum gains.

Yes.

 

[ForceFate]

Yes, you will still get your individual investors who will risk $500, $1000 or perhaps $10k in certain companies. As for the biggest portfolio investment houses, those who bring in hundreds of millions or even billions, well, they are pretty much out of the game locally. No matter the company or institution they are interested in, they are regulated and that investments are gone.

Multinational oil companies haven't left the Niger delta yet, despite all the risks involved. Look at Iraq after the war.