I think you should check up on the valuations of South African Government bonds. You will be surprised.
No you do not get it
A governments credit worth is only as good as it ability to repay and its good faith record of respecting & enforcing the rule of law.
A bond is a legal contract, as is a land title
If the government does not respect the legal land title contract, investors expectations for them to respect the bond contract are
zero
Nobody would bid on the bonds, if there is no bid , the bond holder can not sell them.
Therefore they are worthless
expropriation would also ensure South Africa is unable to borrow money for imports, You know medicine, oil etc and no company will invest capital there if the government is changing the rules on property rights
As I pointed out earlier
expropriation of the farm land will lead to an economic and humanitarian disaster
As surprised as I am that you would rather confiscate the white farmers land without compensation than pay them fair value in Government bonds.
DO NOT imply you know what I would rather support or what I would rather not support
You will get it wrong
You imply that one of
only those two choices is the best path forward
And that's the problem, because both of those two choices are one and the same. The current legal land title holder gets nothing
Any expropriation will end in disaster
I will take your word for it that you are not a communist, but you are in line with the most leftists of the ANC.
???
Ha Ha
again you assume any path forward includes expropriation
I am not in line with anyone who thinks stealing from a legal title holder is acceptable or will end well
I think there is little chance of the Marines being sent in to save the whites, so try to come up with another plan to help the white farmers.
??????
Start with not taking their land from them
The best route forward??
Its a mess. Probably improve the populations education is job one
Maybe the government can slowly start buying up listed properties with fungible currency or gold & see if some small scale transfers work well
Imagine the nightmare if they do this mass expropriation and food output significantly declines because the skills to manage modern farms are lacking in the new owners ??
Let alone the lack of new machinery , fertilizers and fuel because the expropriation destroyed the countries credit and devalues the currency to pennies on the dollar (Rand??)???
Can you say "Famine" ?
look at the state of Venezuela's expropriated oil industry
Any instant stroke of the pen which transfers mass property to right a social wrong will end in disaster
Especially if paid for in worthless paper
A 3% bond for 30 years ???? Backed by the good faith of a government which just expropriated the land ?????
If it were not so frightening it would be funny