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ARTICLE: THE CENTRALITY OF PROPERTY RIGHTS FOR THE ECONOMY, FOR AGRICULTURE AND FOR THE NATIONAL ACCORD

FWDK2 4 JULY

On 4 July 2018 FW de Klerk spoke at a conference that his Foundation had convened in Johannesburg to discuss property rights for all South Africans and the role that land reform can play in expanding property rights.

De Klerk said that the ANC’s decision to proceed with expropriation without compensation (EWC) posed a fundamental threat to investment, economic growth, agriculture, food security and to the national accord on which our new nonracial democracy was founded.

It had been shown time and again that property rights were essential for economic growth and social development.  “The top 20% of countries that best respect property rights have average per capita incomes of more than $50 000 – compared with less than $7 500 for the bottom 20%”.

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