Pay your bond but lose your property – South Africa’s big land expropriation problem

Zophos

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Jun 3, 2017
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Maybe that's what the ANC has wanted all along, a Mugabe & Mnangagwa style ruling. Everyone would live equally in poverty while the politians and politically connected stay rich and live in grandeur. EFF aspire to that as well, that's why Julius loved Mugabe.
Well, at the moment we have a pyramid of corruption.
From the Municipalities up to Government level. When everyone is in poverty, there is no room to accommodate the lower tiers, as money will be a lot less, and top thieves have first choice to the money.

We can already see the effects of this happening as more and more of the lower tier thieves are prosecuted, as they get too greedy and less money flow to the top.

So what I am trying to say is that it will be shyte for a lot of the lower tier thieves as well. (I'm a glass half full type of guy. :laugh: )
 

Tman*

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Jul 18, 2012
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That is something I would not mind :)
I used to have a friend that worked as a Human Rights lawyer at the UN. Being a refugee / asylum seeker even if granted is not sunshine & roses.

Me hopes some special types of visa's will be considered for affected parties to go to certain countries.
 

maumau

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I'll be out of here if my property is taken - I'll first transfer every accessible cent I have out of the country. Then leave, with no intention of returning - good luck bank.
Remember to burn what's left - that's what i'll do.
 

Hellhound105

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Jun 5, 2018
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I used to have a friend that worked as a Human Rights lawyer at the UN. Being a refugee / asylum seeker even if granted is not sunshine & roses.

Me hopes some special types of visa's will be considered for affected parties to go to certain countries.
No I get it, but if you lose your home, better than nothing.
I would seek asylum in Japan but I can`t speak Japanese nor read Kanji.

I hear Aus but not my cup of tea.
 

grok

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Dec 20, 2007
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Remember to burn what's left - that's what i'll do.
I was just thinking the same, do they think we're going to meek & mild roll over for their legalized theft?
There will be anarchy (exactly what the ANC wants).
 

Superman-7

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Jul 29, 2018
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No I get it, but if you lose your home, better than nothing.
I would seek asylum in Japan but I can`t speak Japanese nor read Kanji.

I hear Aus but not my cup of tea.
When disease, poverty, crime, and corruption are rife, and your house is taken from you based on the color of your skin, but the financial burden still remains yours to bear, Aus will very quickly turn into exactly your cup of tea.
 

Messugga

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Sep 4, 2007
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10,576
What gets me is that this is going to hurt the banks immensely hard as people will default on those loans. And no-one will be buying property as well.

So why haven't all the banks stepped up and actually tell the government that EWC will kill their business? History will remember corporate SA as being on the sidelines when the ANC usher in the socialist utopia.
Who says they haven't?
 

clickingbuttons

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Mar 18, 2018
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592
Why in the fk is the government even considering such retardedness?

They've taken "Hold My Beer" to the next level omf
 

terencej

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Jun 4, 2012
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“Initial legal opinions indicate that the borrower would still be fully liable for any debt incurred, irrespective of any expropriation of the underlying asset.”

There is only 1 real reason South-Africans care about their credit profile and that is to one day buy a nice house.

Its simple, Take my house then I have no good reason for a credit profile. You can write your debt on your arse and look at it in the mirror if you take my property.
 

garp

Executive Member
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Aug 2, 2004
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7,998
If you stop paying the bond there is no property for the banks to sell to get their money back so this is very much the banks problem.
Although, they will still try to make it your problem as they could get a judgment and attach assets. Even though you no longer have the property as security, you still have a contract to repay the loan.

But, yeah, in effect, if it came to this, most people wouldn't care, and probably wouldn't be able to continue paying even if they wanted to.
 

DreamKing

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Jul 23, 2009
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9,905
No I get it, but if you lose your home, better than nothing.
I would seek asylum in Japan but I can`t speak Japanese nor read Kanji.

I hear Aus but not my cup of tea.
don't worry, they don't take any asylum seeker. :p
 

Hellhound105

Expert Member
Joined
Jun 5, 2018
Messages
3,912
YearTotal number of asylum applications receivedTotal number of asylum applications approved
20122,54518
20133,2606
20145,00011
20157,68627
201610,90128
201719,62820
201810,49342

Like winning the Lottery
 

DreamKing

Executive Member
Joined
Jul 23, 2009
Messages
9,905
YearTotal number of asylum applications receivedTotal number of asylum applications approved
20122,54518
20133,2606
20145,00011
20157,68627
201610,90128
201719,62820
201810,49342

Like winning the Lottery
it is easier for you if you invest R350k to open a company in Japan.
 

berrypi

Well-Known Member
Joined
Dec 12, 2012
Messages
357
this is anarchy waiting to happen. human right and all that stuff will fall by the way side. You have a right to protect what is yours - Reverse apartheid is whats happening.

People will start forming communities of resistance and im pretty sure the ANC is not that silly to push this.... raise the agenda before elections.... make promises, win elections.... store that policy for the next elections.
 
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