{"id":375236,"date":"2020-02-19T11:31:50","date_gmt":"2020-02-19T09:31:50","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=375236"},"modified":"2020-02-19T11:31:50","modified_gmt":"2020-02-19T09:31:50","slug":"south-africas-land-policy-a-disaster-for-the-economy-us-secretary-of-state","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/government\/375236\/south-africas-land-policy-a-disaster-for-the-economy-us-secretary-of-state\/","title":{"rendered":"South Africa&#8217;s land policy a disaster for the economy: US Secretary of State"},"content":{"rendered":"<p>The South African government\u2019s plans to expropriate land without compensation would be disastrous for the economy, US Secretary of State Mike Pompeo said.<\/p>\n<p>The policy proposal is an example of centralised planning that has failed in other African states like Zimbabwe, Tanzania and Ethiopia, Pompeo told reporters Wednesday in the Ethiopian capital, Addis Ababa.<\/p>\n<p>&#8220;South Africa is debating an amendment to permit the expropriation of private property without compensation,\u201d he said. \u201cThat would be disastrous for that economy, and most importantly for the South African people.&#8221;<\/p>\n<p>African economies need \u201cstrong rule of law, respect for property rights, regulation that encourages investment\u201d for inclusive and sustainable economic growth, Pompeo said.<\/p>\n<hr \/>\n<p><strong>Read: <a href=\"https:\/\/businesstech.co.za\/news\/banking\/373660\/south-africans-are-already-withholding-investments-because-of-land-expropriation-basa\/\" rel=\"bookmark\">South Africans are already withholding investments because of land expropriation: Basa<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The South African government\u2019s plans to expropriate land without compensation would be disastrous for the economy, US Secretary of State Mike Pompeo said.<\/p>\n","protected":false},"author":59,"featured_media":375242,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23],"tags":[26],"class_list":["post-375236","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-government","tag-headline"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/375236","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=375236"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/375236\/revisions"}],"predecessor-version":[{"id":375244,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/375236\/revisions\/375244"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/375242"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=375236"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=375236"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=375236"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}