SA pays ‘terrible economic price’ for land reform

Sep 5th, 2018 Tamryn Christians 1006 Views

CAPE TOWN: The Institute of Race Relations (IRR) said on Tuesday that the government’s push for expropriation without compensation was making South Africans poorer.

The rand had a nasty reaction to the growth data after breaking through R15 in early trade.

The IRR said in a statement that the economic growth numbers released by Statistics SA (Stats SA) reflected a number of factors including investor fears that the government wished to persist with plans to seize property and not pay for it.