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re: South Africa seizing land from white people
Posted on 3/1/18 at 5:55 pm to RogerTheShrubber
Posted on 3/1/18 at 5:55 pm to RogerTheShrubber
quote:
I was involved in a discussion with someone in SA about this. Most farmers would give up their land if they were properly compensated.
Are you trying to tell us most farmers in South Africa would sell their land for the right price? Ya I am pretty sure that is the same for all people of all professions in all countries...
Posted on 3/1/18 at 6:11 pm to lsu480
quote:
Are you trying to tell us most farmers in South Africa would sell their land for the right price?
Yep.
Posted on 3/1/18 at 6:14 pm to lsu480
South African banks are exposed to losses exceeding $13.5 billion US dollars under this SA policy of expropriation without compensation.
Once these farmers have their land taken from them then the loans or bonds they have with their bank will be effectively meaningless for them because they won't have any land to foreclose on because the government will own the land so the banks will be unable to recoup their money.
1/3 of all bank investment in SA is collateralized through land. The loss of over 13 billion will have a massive impact on the economy as banks throughout SA will collapse.
In the short term you will see banks refusing to extend any sort of collateral loan or bond to any farm given the uncertainty because they fear what will happen if their security interests aren't protected and SA doesn't have the money to bail out the banks.
Once these farmers have their land taken from them then the loans or bonds they have with their bank will be effectively meaningless for them because they won't have any land to foreclose on because the government will own the land so the banks will be unable to recoup their money.
1/3 of all bank investment in SA is collateralized through land. The loss of over 13 billion will have a massive impact on the economy as banks throughout SA will collapse.
In the short term you will see banks refusing to extend any sort of collateral loan or bond to any farm given the uncertainty because they fear what will happen if their security interests aren't protected and SA doesn't have the money to bail out the banks.
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