Discover and read the best of Twitter Threads about #Expropriation
Most recents (3)
1. The @Our_DA and the @IRR_SouthAfrica are running grifter campaigns. Using fear-mongering and outright lies they are encouraging peeps to sign petitions to oppose the 2020 Expropriation Bill. They are simply capturing your data & will solicit a donation soon. Here are the lies: 
2. #BIGLIE 1: The 2020 Bill introduces #expropriation into our law and if you can stop this bill you can stop expropriation.
#TruthMatters: Expropriations have happened across SA for over 50 years currently under the 1975 Expropriation Act. Prior to that under a 1965 Act.
#TruthMatters: Expropriations have happened across SA for over 50 years currently under the 1975 Expropriation Act. Prior to that under a 1965 Act.
3. #BIGLIE 2: The 2020 Expropriation Bill expands the definition of property to include movables. "They are coming for your car"!
#TruthMatters: The current expropriation law already includes movable property.
The 1975 Expropriation Act defines property as immovable and movable
#TruthMatters: The current expropriation law already includes movable property.
The 1975 Expropriation Act defines property as immovable and movable
🔥 💡 Thread
1/ @ReserveBankZIM is expropriating forex, which is a form of property.
This has led to the financial misery of mining companies, farmers & manufacturers.
africanminingmarket.com/riozim-shuts-d…
@czionline @ZEPARU1 @MhonaFelix @ZimFact @PaulNyakazeya @kukurigoZW @newswireZW
1/ @ReserveBankZIM is expropriating forex, which is a form of property.
This has led to the financial misery of mining companies, farmers & manufacturers.
africanminingmarket.com/riozim-shuts-d…
@czionline @ZEPARU1 @MhonaFelix @ZimFact @PaulNyakazeya @kukurigoZW @newswireZW
2/ Background of how its a form of property.
When non-exporting entities sell their goods&services locally, they are required 2 bank all their earnings.
The businesses remain in full control of their earnings & the deposits are reported as national savings.
@ZimTreasury
When non-exporting entities sell their goods&services locally, they are required 2 bank all their earnings.
The businesses remain in full control of their earnings & the deposits are reported as national savings.
@ZimTreasury
3/ #Savings are the difference btwn the income & consumption & is a gauge of a nation's financial health, as investments are generated thru savings.
Household&corporate savings are the source of borrowing for a public&private sectors & individuals.
Household&corporate savings are the source of borrowing for a public&private sectors & individuals.
I have been saying all along that the #ANC #Expropriation policy will be mild. This looks VERY open-ended, and I am convinced that it creates conflicts with other provisions of the Constitution.
news24.com/SouthAfrica/Ne… via @News24
news24.com/SouthAfrica/Ne… via @News24
@News24 The proposed text includes, "Provided that a court may determine that no compensation is payable in the event of expropriation of land for the purposes of land reform…". This is fatally flawed - one cannot have a guaranteed wrong EFFECT merely because the MOTIVE might seem good.
@News24 Although an #Expropriation Act might set out the necessary protections (this is much more complex than most realise or admit), there is no guarantee that it would. And even a good Act can be re-written with a simple majority. The key logical problem is arbitrariness.
