Zimbabwe 2.0: South Africa President Proposes Land “Expropriation Without Compensation”

With every passing day the formerly booming nation of South Africa is getting ever closer to the formerly banana republic of Zimbabwe.
On Wednesday, South Africa’s ruling African National Congress proposed at its 5th annual national policy conference that in addition to potentially nationalizing the country’s central bank, that land expropriation without compensation should be allowed where it is “necessary and unavoidable,” President Jacob Zuma said.

This post was published at Zero Hedge on Jul 5, 2017.