Land expropriation and cash-in-transit heists – yes there’s a link

An apparent cash-in-transit heist in Boksburg on 4 July 2018.

We know we refer to it as loot freely house, but when one of the staffers at the ANC’s headquarters in Johannesburg gets arrested for his involvement in cash in transit heists, its a bit ridiculous.

According to TimesLIVE, 33-year-old Errol Velile Present was also linked to a R97m “farm for friends” scandal involving former minister of rural development and land reform Gugile Nkwinti.

EWN reports that Police Minister Bheki Cele said that the guy has been linked to another heist, as well as another case involving drunk driving.

Radio 786 reports that he was immediately sacked by the ANC upon the news coming to light.

My take

Trevor Manuel told BusinessLIVE that land expropriation was a tough sell to foreign investors.

Recognise our economy should be booming right now. Yesterday Fin24 reported that the rand, according to the Big Mac index, should be trading at around R5.63 to the dollar.

This should mean that we can get a whole lot of manufacturing together, export and expand because in real terms it is cheaper to operate here than somewhere the currency is overvalued. This isn’t happening, an part of the reason for that is the land expropriation debate.

And a big chunk of that debate, is guys like Present.

The “farm for friends” deal showed that corruption was a major driver for the failure of our current land redistribution program and the fact that the ruling party is so corrupt we can’t even put cash-in-transit heists past their staffers, staffers who already allegedly benefited from crooked land deals, raises serious questions as to how expropriation without compensation will work out.

Is anybody on that side of the debate even really suggesting fixing the failures in the current model? Before we even get into a new approach to land redistribution, shouldn’t there be a full accounting of why the old approach failed?

Well we’re not going to get that because a lot of that failure is on the people who are currently pushing their new model, which appears to do nothing about the corruption in the old one.

  • Picture is of an apparent cash-in-transit heist in Boksburg on 4 July 2018. Image courtesy of ER24.

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