I think the banks kinda stepped in and described the chaos that would follow. New owners would not get real credit established, and the downfall would start up.
I’ve hunted in Africa and hear from several landowners in S Africa occasionally. They were saying all along that the land confiscation wasn’t happening, and it was way overblown. They were calling the whole thing ‘fake news.’
IIRC, there is a “Land Bank’ system in S Africa.
IF those farms are mortgaged by the Land Bank, and they are confiscated & no one pays off those mortgages, that will cause the complete collapse of the Land Bank system in S Africa.
ANY future ‘owner/occupant’ of such land will NEVER be able to get a ‘mortgage because of the default of the prior mortgage on that same land.
IF all those blacks had the skills to actually operate a farm profitably, they would have done so centuries ago.
The do NOT.
ZIMBABWE —— Part 2.
Same story-—same ending-—different location
Yep. That stuff about the whites "owning" 72% of the farmland is a garbage statistic, according to SA's own Minister of the Interior. The mortgage-holders are the owners and they're going to get clobbered, because that debt will simply be disregarded. And bankers don't deal in black and white skin, they deal in black and red balance sheets, and don't like it when the balance sheet is red.