Municipality using 39 farms for Eskom debt security ’sign there’s ample land for redistribution’

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Commenting on the farms Eskom values at R2.5 billion, or R18 million each on average, Free Market Foundation chief executive Leon Louw says “it appears that municipalities are sitting on vast tracts of superfluous land”.

Cape Town – The fact that the Free State Matjhabeng municipality has agreed to hand over 139 farms as security for its R3.4 billion Eskom debt shows that expropriating land without compensation isn’t necessary.

’’Municipal ’farms’ are probably a small proportion of all government land. The government, especially through municipalities, owns an unknown amount of mostly derelict land, especially ’reserved’ land, which could and should be redistributed before private property is seized. ’’If farmed, by whom? If not, why not? What will be done with them by Eskom? Will it start farming, sell the farms, or redistribute them? Will the government subject them to EWC? If not, why not?

Source: News Formal (newsformal.com)

 

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