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| Black Farmer |
One of the
self-serving myths about agriculture in South Africa is that this is
such a difficult sector and only white Afrikaans farmers can thrive in
it due to intergenerational farming and the hardiness of the group that
runs the sector. This view is not supported by historical facts.
The question of
land will not go away any time soon. President Cyril Ramaphosa's key
message is that land expropriation without compensation will be carried
out in a way that does not harm the economy or food security.
The details of how
this will be done exactly may take a long time to emerge. The credit
rating agency, Moody's, and the investor community seem unfazed by this
policy direction towards expropriation without compensation.
What may
likely be a source of comfort for rating agencies and investors is the
fact that the Constitution remains supreme, and whatever new
dispensation is put in place on land and agriculture policy will be
realised through the Constitution, either in its current form or amended
to have an enabling clause on expropriation.
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