Taking land without payment – how will it boost production? Agri SA discusses…

The ANC has succumbed to pressure from the EFF.

Omri van Zyl, Agri SA

If this goes through it will, literally, ruin our economy.

Omri van Zyl, Agri SA

People don’t want to farm anymore; it’s too risky and dangerous.

Omri van Zyl, Agri SA

Expropriating land without compensation is an economic time bomb.

So said Agri SA CEO Omri van Zyl, following the ANC resolution to amend the Constitution to allow for it.

The ANC hasn’t given a timeline for the amendment, saying the proposal must be tested first.

The Money Show’s Bruce Whitfield interviewed Van Zyl.

Listen to the interview in the audio below (and/or scroll down for more quotes from it).

A third of the money borrowed from banks in South Africa is borrowed against the asset value of farms.

Omri van Zyl, Agri SA

Government sits on 49% of the most fertile land in South Africa.

Omri van Zyl, Agri SA

We’re pro-land reform... but 99% of lands redistributed are not working…

Omri van Zyl, Agri SA

We must take a good look at what the next generation wants…

Omri van Zyl, Agri SA

You can transfer 100% of the land now; tomorrow we’ll be completely food insecure – and the economy will collapse.

Omri van Zyl, Agri SA

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