Throwing the little guy under the EWC bus – Frans Cronjé

[friedpiggy]

If I was a farmer and was notified that my property is going to be EWC, I swear I would go buy a couple of tons of salt and plow it into the fields. Good luck growing anything now. I would literally make the farm barren so that whoever they give it to will be stuffed. Also, imagine what will happen to food security if all farmers did this? Suddenly bugger all is grown in the country and then its goodbye time.

 

[The Darkness]

If I was a farmer and was notified that my property is going to be EWC, I swear I would go buy a couple of tons of salt and plow it into the fields. Good luck growing anything now. I would literally make the farm barren so that whoever they give it to will be stuffed. Also, imagine what will happen to food security if all farmers did this? Suddenly bugger all is grown in the country and then its goodbye time.

Yup, this is what happened in Zim.

If this EWC bill goes down, and this starts to be implemented, the anarchy and suffering will be indescribable. And EVERY South African will be screwed. Look North

 

[rietrot]

I'm confused a little. How is EWC going to differ from how things currently stand? As I understand it, you will simply lease the land from the state and the home will be yours to sell. You already lease your land from the state to some degree. You certainly can't stay in a residential suburb without paying state levies such as rates, fire, sewerage etc.

House prices are a funny thing. The most ridiculously overpriced property is development land used for speculation, normally next to hi density population centers. Where the developer thinks he can put up a few thousand flats and make a killing. The potential value/income of these properties goes into the billions.

But at the moment it's empty fields.

If the government grabs just one without paying, what do you think will happen to the rest of them. That bubble will pop and it will likely take a bank and some large companies developers/construction with it.

Then the average person will sit in their house that they cannot sell, (just the uncertainty and people leaving, it already hard to sell a house.) What is that house worth now? It is only worth what someone else is willing to pay. That is the market.
If you are struggling to sell your R1m house for over a year already maybe it isn't a R1m house anymore.

 

[Willie Trombone]

The EWC applies to all property. Not just land. If they take the patch of dirt your house was sitting on, they will take your house as well.

You raise a good point about what ownership actually means. However, they key difference between owning and leasing is that if you own your house, you are incentivised to improve it as your family can inherit it or you can sell it.
If the state owns your house, you can be kicked out for any reason they want, and you won't do anything to look after it as if you do anything and the state notices, they will kick you out and put one of their friends in it.

Here is a hint, don't look at the ANC like a government. Look at it like a patronage network. People only move up in the power hierarchy when people in the branches vote for them. How do you get people to vote for you? You promise them an easy job with lots of money. How do you get easy jobs that are well paid? You control the government.

NHI is nothing but a patronage network for the health minister as it will place the countries entire health system under the lminister. Just think of how many admin jobs you can hand out.
Ditto with EWC, all you need to do is promise the influencial people in your branch a nice house and you can get the state to take whatever house they want.

So the question is, if you're not incentivised to look after it, will you be able to buy and sell and move at all?

 

[Willie Trombone]

Probably employing their dirty old tactic of bringing really bad news and then reeling it in so everyone feels like they get a good deal in the end.

The government stole your property?

Yes but turns out I don't have to pay it off while I live in this gutter.

Really?? Bonus!

Well SA government can't even pay their electricity bill.

 

[thestaggy]

Yup, this is what happened in Zim.

If this EWC bill goes down, and this starts to be implemented, the anarchy and suffering will be indescribable. And EVERY South African will be screwed. Look North

''It is going to be done responsibly here'' - ANC

 

[Craig_]

While I'm all for land reform, this will be the surest way the mess up the whole economy. Land expropriated should be paid a fair price for. Doing the EWC things can't be considered moral, doesn't matter which way you look at it.

 

[MidnightWizard]

Garnishing order, attaching moveable assets etc...

AHA
Spot on -- THIS man THINKS .......

'BANK" will ATTACH -- ALL of your assets -- including your BANK ACCOUNT and ALL monies in it
In fact "Bank" will NEVER lose out -- the ANC / SACP government will give them ALL the power they need !

It will be a MASSIVE PUBLIC show of the SA unholy alliance between CRONY Capitalism and Bolshevik Socialism / Communism
The TRUE colours of this UNHOLY ALLIANCE will then be on display for all of those so sadly and completely deluded ALL these years !

Mark my words -- TAG this post !!!!!!!!!!!!!

 

[grok]

''It is going to be done responsibly here'' - ANC

In such a way that it won't impact food security, or the economy

LOL, have any of you seen the video with Mandela stating how the ANC will end the NP's corruption?

Found it..

Mandela about the ANC government:

South Africa is not a poor country, as I have said. Our budget this year is 120 billion rands.
We also are going to re-organize, restructure the budget in order to avoid the wastage of apartheid.
We will be able to use the county's resources in a more efficient manner and to prevent the corruption which is so endemic in the National Party Government.
The gravy trains where most of the funds of the country have gone have come to an end.
We have committed ourselves to leaders trying to lead a style of life similar to those of the community.
We, I, am going to suggest that my own salary, if I'm elected as state president, must be cut.
I am doing that, unlike the National Party government which has attempted to pay large sums to the director-general when there are 5 million people unemployed, when there are 7 million people without houses.
We are not going to live like fat cats.

I'm sorry but living in la-la land while overestimating their abilities by a million miles.

 

[Mista_Mobsta]

Imagine the capital flight in the first week of EWC...
Rand will go to ****. Your life savings will be wiped out.

Easy way to check for the precursor to capital flight

When government finally privatises the SARB (to control the Prudential Authority), they will start passing more laws that limit capital movement into offshore vehicles.

This means all the local exchanges (equity/forex etc) will be forced to comply with specific investment limits on offshore ETF's etc.

 

[dj2381]

Cryptocurrency is going to come into play here, no point keeping your assets for the banks to take once you start defaulting on your mortgage, F'em, I will sell everything I own and take my crypto overseas where I can cash it out and have something to start a new life.

 

[Gaz{M}]

Do they not realise that they will cause far less damage to the entire country if they simply pay a fair price for land they want - even if they borrow money to the eyeballs to pay for the land. At least property ownership laws and confidence is maintained.

I see no point in "nil" compensation? Do they really think they don't have the money? To me it is simply a payback against certain targeted groups.

 

[Sinbad]

Do they not realise that they will cause far less damage to the entire country if they simply pay a fair price for land they want - even if they borrow money to the eyeballs to pay for the land. At least property ownership laws and confidence is maintained.

I see no point in "nil" compensation? Do they really think they don't have the money? To me it is simply a payback against certain targeted groups.

This is pure populism. Design to buy a last couple of years at the trough before it all goes to ****.

 

[MidnightWizard]

Do they not realise that they will cause far less damage to the entire country if they simply pay a fair price for land they want - even if they borrow money to the eyeballs to pay for the land. At least property ownership laws and confidence is maintained.

I see no point in "nil" compensation? Do they really think they don't have the money? To me it is simply a payback against certain targeted groups.

"THEY" do NOT have ANY money !

The "money" is YOUR money ! ( tax payer money)

WHEN are people gong to get over this way of thinking ?

The "government" does NOT have money !

Basically it is a big ponzi con-game -- they steal taxpayers money and then "give" this money to others PRETENDING that it is "government" money !

 

[Gaz{M}]

"THEY" do NOT have ANY money !

The "money" is YOUR money ! ( tax payer money)

WHEN are people gong to get over this way of thinking ?

The "government" does NOT have money !

Basically it is a big ponzi con-game -- they steal taxpayers money and then "give" this money to others PRETENDING that it is "government" money !

Yeah, we know. So what if they borrow more and expect more tax money. At least the principle of property rights and ownership is maintained.

 

[rietrot]

Yeah, we know. So what if they borrow more and expect more tax money. At least the principle of property rights and ownership is maintained.

The government actually owns enough land. If they stop being communist and give that land away, without paying themselves to do so they can greatly alleviate our property shortages that we are facing.

 

[konfab]

Do they not realise that they will cause far less damage to the entire country if they simply pay a fair price for land they want - even if they borrow money to the eyeballs to pay for the land. At least property ownership laws and confidence is maintained.

I see no point in "nil" compensation? Do they really think they don't have the money? To me it is simply a payback against certain targeted groups.

It has nothing to do with restitution or even revenge.
It is simply a way for them to expand their patronage network. Imagine being able to promise to your buddies in your branch that if you are elected, you will arrange for the state to expropriate any piece of property that they want?

 

[Barbarian Conan]

Utterly ridiculous.

When this does happen, the farmer who's land was EWC must go to court. I'm sure any right-thinking judge will see that the bank's position is untenable and just plain wrong.

You could be taking away that farmers sole means of income and you still expect him to pay off a loan for which the land has been stolen by the government. Frikken idiots.

Wrong how? They lent you money, and contractually you are obliged to repay it.

It's the same as taking out a car loan, not insuring it, and it gets stolen. You still have to repay the bank, whether you have the car or not.

It sucks, but it is legal. Judges (the competent ones at least) don't go for feelings of right or wrong. They must implement the letter of the law.

 

[MrGray]

The government actually owns enough land. If they stop being communist and give that land away, without paying themselves to do so they can greatly alleviate our property shortages that we are facing.

But then they wouldn't be seen to be sticking it to the "settlers" so that's no good.

 

[clickingbuttons]

AHA
Spot on -- THIS man THINKS .......

'BANK" will ATTACH -- ALL of your assets -- including your BANK ACCOUNT and ALL monies in it
In fact "Bank" will NEVER lose out -- the ANC / SACP government will give them ALL the power they need !

It will be a MASSIVE PUBLIC show of the SA unholy alliance between CRONY Capitalism and Bolshevik Socialism / Communism
The TRUE colours of this UNHOLY ALLIANCE will then be on display for all of those so sadly and completely deluded ALL these years !

Mark my words -- TAG this post !!!!!!!!!!!!!

It seems like you were quite excited when writing this. I suppose we do have to reach the very bottom before we can come up again :-/