Land expropriation without compensation will ruin SA economy, says Pompeo

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Government’s plans to expropriate land without compensation would be disastrous for the South African economy, US Secretary of State Mike Pompeo said.

The policy proposal is an example of centralised planning that has failed in other African states such as Zimbabwe, Tanzania and Ethiopia, Pompeo told reporters on Wednesday in the Ethiopian capital, Addis Ababa.

African economies need a “strong rule of law, respect for property rights, regulation that encourages investment” for inclusive and sustainable economic growth, Pompeo said. This wasn’t the case on Wednesday. The rand gained for the first time in three days, advancing 0.4% to R14.95 per US dollar by 11.52am in Johannesburg.

On the final day of his three-nation swing across the continent, Pompeo said: “If there’s one thing you should know about our president – my boss – you should know he loves deals,” Pompeo said of Trump. “He wants more to happen between the US and nations all across Africa.”In Angola, he praised what he called government’s push to clean up rampant corruption of years past.

 

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Jírrre, the Pompeo bloke is sharp, nè! Xyresic, even. Trump should hire him.

👍 😊 👍

Eish South Africa is not a federal state or a province of USA. We don’t need nor value his opinion in this matter.

We don't need his opinion on the issue

are you not getting tired of colonising Africa.

The realDonaldTrump can keep their USA and their AGOA and we will keep our SA. They should not meddle here.

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