Malema says bonds mean nothing when it comes to land expropriation

Malema says bonds mean nothing when it comes to land expropriation

- Julius Malema, leader of the Economic freedom Front (EFF) has stated that bonds won’t count when it comes to land expropriation

- The land will be the main condition for the ANC if they want support in 2019

- The EFF is calling for land expropriation without compensation to be implemented across the country.

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When addressing the media on Thursday, Julius Malema stated that his focus for 2019 is land expropriation without compensation. He added that this would include bonded homes. The leader has said the condition given to the ANC is simple: land expropriation needs to be a priority in 2019 or no support.

Losing investors a real fear

Malema stated that he does not believe land expropriation will have any impact on investors, even although this has been raised as a real concern. We wrote a parliamentary question to all departments asking them how many hectares of land they own and what it is used for. The same goes to the province and municipalities.

"We want to prove one thing – people say when the land is in the hands of the state‚ there will not be investors. It is a myth. It is wrong. Most of the state-owned land has actually been leased out and people are investing in it. Knowing they are not owning it‚ yet they put money in it‚” he said.

Nationalising land

Malema went on to state they will only be looking at nationalising the land, not the homes. He explained that land refers to the land itself and everything underneath the land, not anything on top.

READ ALSO: This day in history: Revisiting Mandela's 1994 inauguration

He explained that the state would go to the banks for land values on properties, they would then tell the banks that land has been nationalised. Your bond will then be reduced by the value amount of the land, but you will continue to pay the remainder of your bond.

Malema cited uShaka Marine World as an example of investment into the state-owned land. According to Malema, uShaka is owned by the municipality, but people have invested into it. His aim is to create the same concept with the state-owned land.

Briefly.co.za featured an article recently called Malema: I am prepared to go to prison for saying the poor must invade unoccupied land. In this article:

- EFF leader Julius Malema has tried to clarify his statements about land expropriation without compensation

- Malema denied he was inciting a white genocide and denied there was any kind of genocide occurring in South Africa

- The EFF leader said he was prepared to go to jail for saying poor people should occupy the uncopied land in the country

READ ALSO: Shocking report reveals that many KZN councillors are uneducated

EFF leader Julius Malema has tried to clarify his statements regarding land expropriation without compensation.

He defended his views that poor people should occupy the uncopied land in the country and even said he was willing to go to prison for this. Malema also addressed his critics who claim he is inciting a white genocide.

He said there was no need for white people to be scared because the EFF manifesto did not call for white people to be driven out of the country.

The EFF leader said there was no genocide happening in South Africa and said no white person was being killed or forced off their land.

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Source: Briefly.co.za

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