South Africans are warned to take note of the grave implications of the proposals put forward by the ANC for amending Section 25 of the Constitution, which would not only sideline the courts in expropriation cases, but would explicitly push nationalisation of land, says the Institute of Race Relations (IRR).
The ruling party has proposed that the following words be introduced: ‘The state must take reasonable legislative and other measures, within its available resources, to foster conditions which enable state custodianship of land and for citizens to gain access to land on an equitable basis.’
The IRR warns in a statement today that the effect of this would be to entrench nationalisation of land within the Bill of Rights, with legislation to define the exact terms.
More than 4,000 agriculture jobs at risk due to national minimum wage Job cuts to hit seasonal workers hardest, while subsectors that remain labour intensive will consider mechanising processes PREMIUM By Luyolo Mkentane - 03 March 2021
Agri SA, a federation of agricultural organisations, says the national minimum wage of R21.69 per hour which came into effect on Monday could result in the loss of more than 4,000 much-needed jobs in the agricultural sector.
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Agri SA warns extended booze ban will fuel illegal sales 12 January 2021 - 11:57 By SUTHENTIRA GOVENDER Agri SA says the extended alcohol ban will fuel illegal sales. Stock photo. Image: 123RF/Somchai Jongmeesuk
Agri SA has warned that the continued ban on alcohol is likely to fuel illegal sales and called for liquor to be made available online.
This follows President Cyril Ramaphosa s announcement on Monday night that the ban would be upheld during the extension of level 3 of the lockdown until February 15.
He also announced some changes to restrictions including the curfew, which will now be between 9pm and 5am.
Treasury to back up depleted Land Bank State-owned agricultural lender seems set for a bailout even as SA struggles to stave off a debt crisis amid the ongoing Covid-19 pandemic BL PREMIUM 11 January 2021 - 05:10 Garth Theunissen
The beleaguered Land Bank, which defaulted on R50bn of its debt in April last year, appears set for another state bailout even as the government battles to stave off a fiscal debt crisis amid a worsening Covid-19 pandemic that has strained its finances to breaking point.
The state-owned bank, SA’s biggest agricultural lender, reported an annual loss of more than R2.8bn for the year ended March 31 2020, according to financials posted on its website shortly after the early 12pm market close on New Year’s Eve. The results showed nonperforming loans almost doubled to R8.18bn, accounting for 18.1% of the Land Bank’s total gross loan book of R45.142bn.