re: South Africa seizing land from white people

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.